WTI Light Sweet Crude Oil, 5/5/23
For Friday, 71.76 can contain buying into June, below which 62.14 remains a 1 - 2 week target.
Downside Friday, 67.12 can contain intraday weakness, while breaking/opening below 67.12 allows 62.14 intraday, where the broader market can bottom out into June activity, and the point to settle below for signaling the next long-term support level at 53.87 within 3 - 5 more weeks.
Upside Friday, a settlement today above 71.76 indicates a good May low, 81.48 long-term resistance then attainable within 3 - 5 weeks where the market can top out into later summer and a significant upside continuation point over the same time horizon.
Downside Friday, 67.12 can contain intraday weakness, while breaking/opening below 67.12 allows 62.14 intraday, where the broader market can bottom out into June activity, and the point to settle below for signaling the next long-term support level at 53.87 within 3 - 5 more weeks.
Upside Friday, a settlement today above 71.76 indicates a good May low, 81.48 long-term resistance then attainable within 3 - 5 weeks where the market can top out into later summer and a significant upside continuation point over the same time horizon.
Anthony Speciale, founder of Speciale Analysis offers an affordable approach for all traders to grow into their highest potential.
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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.
Anthony Speciale, founder of Speciale Analysis offers an affordable approach for all traders to grow into their highest potential.
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.