WTI recently broke the resistance area lying between the round resistance level 20,00, resistance level 22.47 and the 61.8% Fibonacci correction of the previous sharp downward impulse (v) from April.
The breakout of this resistance area accelerated the active short-term ABC correction 4.
WTI is expected to rise further toward the next resistance level 28.90 (monthly high from April and the target for the completion of the active correction 4).
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- USDJPY reversed from key support level 156.35 - Likely to rise to resistance level…
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- EURCHF falling inside minor impulse wave 5 - Likely to fall to support level…
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