WTI Oil price has bounced from the $66 support area, that started the latest leg up to its $72.88 highs.
Now the 4-hour chart see the price moving on a channel between this support and the resistance area near $67.4 inside a flag formation that is more indicative of a continuation to the downside.
Now the 4-hour chart see the price moving on a channel between this support and the resistance area near $67.4 inside a flag formation that is more indicative of a continuation to the downside.
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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.