Technical analysis

WTI Wave Analysis 12 April, 2021

WTI Wave Analysis 12 April, 2021

• 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).

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