WTI Poised for a Rally? Key Support Hold Could Send Prices Skywa
The chart indicates that WTI is approaching a critical support zone between $67.60 and $69.40, a level previously tested and held.
After forming a consolidation pattern, the price is likely to break upward, heading toward the next resistance at $72.50 and potentially extending to $76.00 if momentum builds.
A bullish move would be supported by the price remaining above the $69.40 area, indicating strong demand at these levels.
However, if this support breaks, there could be a further downward move towards $67.60.
The target zones to watch on the upside are $72.50 and $76.00, with significant resistance around those levels.
After forming a consolidation pattern, the price is likely to break upward, heading toward the next resistance at $72.50 and potentially extending to $76.00 if momentum builds.
A bullish move would be supported by the price remaining above the $69.40 area, indicating strong demand at these levels.
However, if this support breaks, there could be a further downward move towards $67.60.
The target zones to watch on the upside are $72.50 and $76.00, with significant resistance around those levels.
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iSmashProfit
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.