Technical Analysis and Outlook
WTI crude oil is progressing towards next Outer Oil Rally $61.73 as well as Inner Oil Rally of the same price following an Oil Rally $58.40 completion on March 13, while there are no major resistance levels at this time. On the downside, we do have Key Sup $55.15 to entertain in event market breakdown. (For Market Commentary conclusion, please visit the TradingSig_dot_com).
WTI crude oil is progressing towards next Outer Oil Rally $61.73 as well as Inner Oil Rally of the same price following an Oil Rally $58.40 completion on March 13, while there are no major resistance levels at this time. On the downside, we do have Key Sup $55.15 to entertain in event market breakdown. (For Market Commentary conclusion, please visit the TradingSig_dot_com).