May 07, 2021 at 04:06PM

• WTI reversed from resistance zone

• Likely to fall to support level 62.90

WTI crude oil recently reversed down sharply from the resistance zone located between the resistance level 66.00 (top of wave (B) from April) and the upper daily Bollinger Band.

The downward reversal form this resistance zone started the active short-term corrective wave (ii).

WTI crude oil is likely to fall further toward the next support level 62.90 (target price for the completion of the active corrective wave (ii)).

Continue Reading…

From: The FxPro News Team https://fxpro.news/technical-analysis/wti-wave-analysis-7-may-2021-20210507/
Selected by fonecable.com

Ktafx
euro
Search Web: WTI Wave Analysis 7 May, 2021

Recent Posts

euro

December Reports

November Reports

October Reports

September Reports

August Reports

July Reports

Chinese (Simplified) ZH-CN English EN French FR German DE Spanish ES