Hello everyone,
WTI Oil 4H NEW FORECAST
Analysis of performance and expectations for upcoming trades
Continuing negative trading towards the 76.00 level, waiting for a break of 77.65
Expectations of the negative impact of the double top pattern and the 50 moving average
It is necessary to breach the 79.60 level to stop the corrective wave and begin recovery attempts
Oil price resumes its negative trading after the rise it witnessed yesterday evening, and is approaching the 77.65 level, waiting to break this level to confirm the extension of the downward wave towards the next negative target, which reaches 76.00.
It should be noted that breaching the 79.60 level will stop the downward corrective wave and lead the price to begin recovery attempts targeting testing the 81.50 level initially.
Expected trading range
Support: 77.65
Resistance: 79.60
WTI Oil 4H NEW FORECAST
Analysis of performance and expectations for upcoming trades
Continuing negative trading towards the 76.00 level, waiting for a break of 77.65
Expectations of the negative impact of the double top pattern and the 50 moving average
It is necessary to breach the 79.60 level to stop the corrective wave and begin recovery attempts
Oil price resumes its negative trading after the rise it witnessed yesterday evening, and is approaching the 77.65 level, waiting to break this level to confirm the extension of the downward wave towards the next negative target, which reaches 76.00.
It should be noted that breaching the 79.60 level will stop the downward corrective wave and lead the price to begin recovery attempts targeting testing the 81.50 level initially.
Expected trading range
Support: 77.65
Resistance: 79.60
