Hello Traders
WTI is continuing with major pullbacks off the upper resistance cluster level increasing the bearish momentum.
WTI is likely to finalize the whole ascending wedge with the main breakout below the boundary.
USOIL just retested the low of last week and started to rise from there without any stop.
stabilizing above 87.67 will support rising to touch 89.46, 90.39 then 90.98
stabilizing under 87.67 will support falling to touch 86.08 and then 45.59
Pivot Price: 87.67
Resistance prices: 89.46 & 90.39 & 90.98
Support prices: 86.08 & 84.59 & 83.69
timeframe: 4H
WTI is continuing with major pullbacks off the upper resistance cluster level increasing the bearish momentum.
WTI is likely to finalize the whole ascending wedge with the main breakout below the boundary.
USOIL just retested the low of last week and started to rise from there without any stop.
stabilizing above 87.67 will support rising to touch 89.46, 90.39 then 90.98
stabilizing under 87.67 will support falling to touch 86.08 and then 45.59
Pivot Price: 87.67
Resistance prices: 89.46 & 90.39 & 90.98
Support prices: 86.08 & 84.59 & 83.69
timeframe: 4H
