WTI Wave Analysis 12 April, 2021
April 12, 2021 @ 17:45 +03:00
• WTI rising inside minor impulse wave c
• Likely to reach resistance level 62.00
WTI continues to rise inside the minor impulse wave c , which started earlier from the key support level 58.00 (which has been reversing the price from the middle of February).
The active impulse wave c belongs to the minor ABC correction B from the middle of March.
WTI is likely to rise further toward the next resistance level 62.00 (top of the previous short-term corrective wave (a) from last month).