WTI has undergone a significant reversal after reaching the 104–107 region, with price subsequently breaking through several support areas established during the previous advance.
Price is now approaching the 95.5–97.5 support region.
A sustained reaction around this area could provide room for a recovery toward 99–100. Continued weakness beneath the support structure would keep the recent corrective move in focus.
Higher up, the 104–105 region remains the major resistance area.
The recent reversal has shifted the short-term 4H structure lower. We would like to see whether sellers can maintain control around the current support zone, or whether price begins to establish a meaningful recovery.
Key Levels
Support: 95.5–97.5
Resistance: 99–100
Major Resistance: 104–105
This Article is for informational and educational purposes only and does not constitute investment advice. It does not consider the financial situation, needs, or objectives of any specific individual. Any reference to past performance is not a reliable indicator of future results.
Risk Warning: 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Please refer to our full risk disclaimer on our website.
Price is now approaching the 95.5–97.5 support region.
A sustained reaction around this area could provide room for a recovery toward 99–100. Continued weakness beneath the support structure would keep the recent corrective move in focus.
Higher up, the 104–105 region remains the major resistance area.
The recent reversal has shifted the short-term 4H structure lower. We would like to see whether sellers can maintain control around the current support zone, or whether price begins to establish a meaningful recovery.
Key Levels
Support: 95.5–97.5
Resistance: 99–100
Major Resistance: 104–105
This Article is for informational and educational purposes only and does not constitute investment advice. It does not consider the financial situation, needs, or objectives of any specific individual. Any reference to past performance is not a reliable indicator of future results.
Risk Warning: 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Please refer to our full risk disclaimer on our website.
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Come join us today at : easy-markets.com/
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.