Strong Correction downside from Major Resistance hit 60$
Oil prices sagged Early Sunday morning following the record-breaking rally that took place the day before. Investors, on the other hand, continue to take profits after the price rally. Currently Price holding critical Resistance level 60.40$ and I manage to break above 61$ we could see 64$ Next Major Resistance.
WTI futures for delivery in March fell 0.62% to $ 57.89 per barrel during trading on the New York Mercantile Exchange. On February 11, WTI futures closed 0.8% lower at $58.24 per barrel, marking its biggest fall in two weeks after eight consecutive days of growth.
Currently, Price Overbought condition we expecting some correction downside support level 58$ and 56.30$
🛑SUPPORT/RESISTANCE
✅S1= 58
✅S2=56.20
✴️R1=60.40
✴️R2=62.3
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WTI futures for delivery in March fell 0.62% to $ 57.89 per barrel during trading on the New York Mercantile Exchange. On February 11, WTI futures closed 0.8% lower at $58.24 per barrel, marking its biggest fall in two weeks after eight consecutive days of growth.
Currently, Price Overbought condition we expecting some correction downside support level 58$ and 56.30$
🛑SUPPORT/RESISTANCE
✅S1= 58
✅S2=56.20
✴️R1=60.40
✴️R2=62.3
Please like, share, comments and follow me to get daily base analysis.
Thank you for your support, I appreciate it.