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What are your thoughts on CRUDE OIL?
WTI crude oil continues to trade within an ascending channel on the daily timeframe. Following the recent correction, price has reached the lower boundary of the channel, overlapping with the highlighted support zone around $87.50–$91.50, where we are now seeing a positive reaction and renewed buying pressure.
As long as this support zone holds, the bullish outlook remains valid. We expect price to consolidate around current levels before potentially resuming its upward movement toward the previous high near $105 and, subsequently, the upper boundary of the ascending channel.
A decisive break below the support zone and the lower boundary of the ascending channel would weaken the bullish structure and increase the risk of further downside.
If you found this analysis helpful, please support it with a like and share your thoughts in the comments! Good luck with your trades!❤️
What are your thoughts on CRUDE OIL?
WTI crude oil continues to trade within an ascending channel on the daily timeframe. Following the recent correction, price has reached the lower boundary of the channel, overlapping with the highlighted support zone around $87.50–$91.50, where we are now seeing a positive reaction and renewed buying pressure.
As long as this support zone holds, the bullish outlook remains valid. We expect price to consolidate around current levels before potentially resuming its upward movement toward the previous high near $105 and, subsequently, the upper boundary of the ascending channel.
A decisive break below the support zone and the lower boundary of the ascending channel would weaken the bullish structure and increase the risk of further downside.
If you found this analysis helpful, please support it with a like and share your thoughts in the comments! Good luck with your trades!❤️
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✅MY FREE FOREX &CRYPTO SIGNALS TELEGRAM CHANNEL:
t.me/+1gFAIO4CJJw3NTU0
✅MY INSTAGRAM:
instagram.com/marketanalaysis
t.me/+1gFAIO4CJJw3NTU0
✅MY INSTAGRAM:
instagram.com/marketanalaysis
相关出版物
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。