TVC:USOIL   CFDs on WTI Crude Oil
• 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).
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.