WTI crude oil: ⬆️ Buy
– WTI crude oil broke the resistance level 64.00
– Likely to rise to resistance level 66.00
WTI crude oil recently broke the resistance level 64.00 intersecting with the resistance trendline of the daily Falling Wedge from June.
The breakout of the resistance level 64.00 coincided with the breakout of the 38.2% Fibonacci correction of the downward impulse i from July.
WTI crude oil can be expected to rise to the next resistance level 66.00, which is the 50% Fibonacci correction of the downward impulse i from July.
Source: Fxpro