$WTICOUSD $USO - Approaching Key Resistance Level

After bouncing off its Weekly Support Level of $52.422, WTICOUSD is making a run for its key resistance level of $57.14 (Red Diagonal Line).

A "Break and a Close" above this level will help to provide confidence for the commodity among global investors. However, WTICOUSD continues to make lower highs within a downward trend.

The next move at this level will be key for determining the next direction for WTICOUSD over the coming sessions.

تعليق:

As expected - $WTICOUSD failed to breach the level of of $57.14 (Red Diagonal Line) and is moving lower.