October 15, 2020 at 03:42PM
• WTI reversed from key resistance level 41.50
• Likely to fall to 36.60
WTI today once again reversed down from the key resistance level 41.50 (which has been reversing the price from the middle of September).
The resistance area near the resistance level 41.50 was strengthened by the upper daily Bollinger Band and by the 61.8% Fibonacci correction of the downard impulse (i) from August.
WTI is likely to fall further toward the next support level 36.60 (which stopped the previous waves (i) and i, as can be seen below).
From: The FxPro Tech Analysis Team https://fxpro.news/market-snapshots/wti-wave-analysis-15-october-2020-20201015/
Selected by fonecable.com
Search Web: WTI Wave Analysis 15 October, 2020
Recent Posts
- Crude Oil Over Crypto
- US Dollar Price Action Setups pre-CPI: EUR/USD, GBP/USD, USD/JPY
- Cathie Wood & Ark: Insiders Aren’t Buying the Hype
- Breaking News: ECB Holds Rates, Setting up July and September for Fireworks
- Currency Carry Trade: What is it and how does it work?
