TipTVFinance

WTI Oil - eyeing decadal rising trend line hurdle around $48

FX:USOIL   Crude Oil (WTI)
Check out the monthly chart.

If we join Dec 1998 low and Nov 2011 low and extend the trend line to infinity, we see it acting as a resistance today around $48.00.

Note the trend line acted as a strong support post 2008 crash. Watch for exhaustion as prices near $48.00 as we may head back to $45-43 levels on repeated failure near $48.00.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out