West Texas Oil
شراء

WTICOUSD long move

104

In the four-hour chart of BCOUSD, the market is currently exhibiting a bullish momentum or uptrend. However, it is expected that the price will encounter the first resistance and then continue the recent upward move.

Key levels:
The first resistance level in the market is at 83.440, where there is a likelihood of sellers entering around this price level. The second resistance level is at 90.317, which aligns well with a 61.8% Fibonacci retracement correction.
The first support level for BCOUSD is at 76.291, which can potentially limit downward movements. The second support level is positioned at 72.198.

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