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Forex_Times
May 12, 2021 5:28 AM

💸 Crude Oil: the main scenario is succeeding before our eyes. 

WTI CRUDE OILTVC

Description

✍️ Over the past trading day with a false breakdown successfully tested the option balance level of the week (64.00).
In case of a successful test of the Buy Limit level (64.50) during the current day, we expect a further rise with the nearest target being the premium level of the hedger resistance zone (65.73).
♻️ In case of breakdown and fixation above the mentioned resistance level, the limit seller (66.30) is the ultimate upside target before the close of the trading day.
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