WTI reaches a new high.
As long as we trade above $40.89, we expect higher prices, without further detours. The next goal for the hungry bulls is the region around the 161.8% Extension at $49. After a short correction, which will give us another opportunity for re-entry, we see the bulls passing area 51 and leaving for prices in the $56 region. We are Long since $42.60 and hold on to our position. WTI needs to exceed $44.08 to unlock prices in the $50 range. It is essential that the price will not fall below $40.89 and, ultimately, $39.53 to continue the current upward movement. Below these 2 support lines is bearish territory.
Feel free to comment and discuss!
Happy trading!
As long as we trade above $40.89, we expect higher prices, without further detours. The next goal for the hungry bulls is the region around the 161.8% Extension at $49. After a short correction, which will give us another opportunity for re-entry, we see the bulls passing area 51 and leaving for prices in the $56 region. We are Long since $42.60 and hold on to our position. WTI needs to exceed $44.08 to unlock prices in the $50 range. It is essential that the price will not fall below $40.89 and, ultimately, $39.53 to continue the current upward movement. Below these 2 support lines is bearish territory.
Feel free to comment and discuss!
Happy trading!
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🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.
📊 Free daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.