VasilyTrader

CRUDE OIL (WTI) Key Zones to Watch 🛢

Long
VasilyTrader Updated   
TVC:USOIL   CFDs on WTI Crude Oil

WTI Crude Oil looks quite overbought at the moment.
The price may retrace before it goes to the next highs.

Here are key zones to watch for potential buying:
  • Support 1:
    77.1 - 79.2 zone
  • Support 2:
    72.9 - 74.8 zone

Let the price reach one of these zones first,
then look for a confirmation on lower time frames to buy.

In case of a bullish continuation,
the next resistance will be 89.5 - 91.0 level.
From that zone, a pullback will be expected.

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