Oil WTI completes a positive pattern

١٤ نوفمبر ٢٠٢٣

Oil price is hovering around the neckline of the double bottom pattern that appears in the chart, waiting for the resumption of the expected bullish wave for today, which depends on stability above 77.86, remembering that our targets start at 79.63 and extend to 81.23, taking into account that breaking 77.86 will put the price below Corrective downward pressure again.

Pivot Price: 77.86
Resistance prices: 79.63 & 81.23 & 83.41
Support prices: 75.59 & 73.80 & 72.12


The general trend expected for today: bullish