Tag: wti

• WTI broke key support 81.25 • Likely to fall to support level 75.00 WTI crude oil falling after the price broke the key support level 81.25 (which previously formed the daily Hammer in January and also the daily Morning Star at the start of September). The breakout of the support level 81.25 coincided with […]

• WTI reversed from key support level 85.00 • Likely to fall to resistance level 90.00 WTI crude oil recently reversed up from the key support level 85.00 (former multi-month high from October of 2021), intersecting with the 61.8% Fibonacci correction of the upward impulse from December. The upward reversal from the support level 85.00 […]

• WTI reversed from resistance level 95.00 • Likely to fall to support level 141.35 WTI crude oil recently reversed down with the Bearish Engulfing from the resistance level 95.00 (which has been reversing the pair from the start of August) intersecting with the upper daily Bollinger Band and the 38.2% Fibonacci correction of the […]

• WTI broke round support level 90.00 • Likely to fall to support level 85.00 WTI crude oil today broke below the key round support level 90.00 (which has been reversing the pair from the end of February). The breakout of the support level 90.00 accelerated the active impulse wave 5 of the intermediate impulse […]

• WTI reversed from support area • Likely to rise to resistance level 100.00 WTI crude oil currency pair recently reversed up from the support area located between the key support level 93.40 (which has been reversing the pair from March) and the 50% Fibonacci retracement of the upward trend from December. The upward reversal […]

Oil prices rise 3% .. and Brent crude is near 104 dollars Oil prices rose nearly 3% during Monday’s trading, supported by a weak dollar and tight supplies. Prices continued to gain, offsetting concerns about a recession and the possibility of a widespread coronavirus shutdown in China; Which again led to reduced demand for fuel. […]

Oil prices rose by more than 1%, during trading today, Friday, July 15, 2022, after US statements that an immediate increase in Saudi oil production is not expected, following US President Joe Biden’s visit to the Kingdom. This comes with further support from indications that the US Federal Reserve may raise interest rates less sharply […]

WTI Wave Analysis – 13 July, 2022 • WTI reversed from support level 92.93• Likely to rise to resistance level 97.00 WTI recently reversed up from the strong support level 92.93 (former monthly low from March and April), standing near the 50% Fibonacci correction of the upward impulse from December. The upward reversal from the […]

Oil prices fell by more than 3% during trading today, Tuesday, July 12, 2022, with the increase in infections with the new Corona virus in China, the largest importer of crude in the world. And the Covid-19 injuries in China supported fears of a global economic slowdown, which affected the outlook for fuel demand. Oil […]

• WTI reversed from key support level 95.00 • Likely to rise to resistance level 105.00 WTI crude oil recently reversed up from the key support level 95.00 (which has been reversing the pair from the start of March), lower daily Bollinger Band and the 50% Fibonacci correction of the upward impulse from December. The […]