WTI Crude Oil looks quite overbought at the moment.
The price may retrace before it goes to the next highs.
Here are key zones to watch for potential buying:
- Support 1:
77.1 - 79.2 zone - Support 2:
72.9 - 74.8 zone
Let the price reach one of these zones first,
then look for a confirmation on lower time frames to buy.
In case of a bullish continuation,
the next resistance will be 89.5 - 91.0 level.
From that zone, a pullback will be expected.
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Note
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✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
❗️YouTube Channel youtube.com/c/VasilyTrader
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⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.