WTI Crude Oil Correction for more Upside?
As you can see, WTI crude oil broke 66.70, which is a very very critical level looking back at crude oil's history, with a very corrective ascending formation. I expect to see a break of this ascending channel to retest the 66.70 level before continuing its way up towards the 100% Fibonacci Extension at 71.14.
Breaking 71.14 will push oil towards the 161.8% Fibonacci Extension level at 73.87.
Breaking 71.14 will push oil towards the 161.8% Fibonacci Extension level at 73.87.
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.
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.