WTI Is falling from the recent highs
In a bearish correction to retest the strong key support level below.
Once the price hits the level expecting a strong rebound and a move up to retest a local resistance above
LONG🚀
There is broadening pattern and look like the price is going to test the bottom trendline and its Daily Support.
Resistance 1
84.5 - 85.5 supply area
Support 1
73.0 - 75.0 demand area
Support 2
61.5 - 62.5 demand area
Conclusion: Fluctuation between 77-85 is the most probable Scenario!
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
In a bearish correction to retest the strong key support level below.
Once the price hits the level expecting a strong rebound and a move up to retest a local resistance above
LONG🚀
There is broadening pattern and look like the price is going to test the bottom trendline and its Daily Support.
Resistance 1
84.5 - 85.5 supply area
Support 1
73.0 - 75.0 demand area
Support 2
61.5 - 62.5 demand area
Conclusion: Fluctuation between 77-85 is the most probable Scenario!
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.