USOIL Analysis
Today, WTI Crude Oil is positioned for potential volatility with the upcoming CPI release, expected at 2.6%. This inflation data could significantly influence market direction.
Key Levels:
Pivot Line: 68.53
Resistance Levels: 70.49, 71.78, 72.74
Support Levels: 67.03, 65.85, 63.51
Scenarios:
Bullish Scenario: A break and close above the pivot line at 68.53 could drive prices toward 70.49 and potentially higher levels at 71.78. Sustained trading above these levels may further confirm the bullish trend.
Bearish Scenario: If the price fails to hold above 68.53 and breaks below 67.03, it could lead to a bearish move toward 65.85 and eventually 63.51, aligning with a potential market reaction to higher-than-expected CPI data.
Today's CPI release is anticipated to cause notable volatility, so monitor these levels closely for potential breakouts in either direction.
Today, WTI Crude Oil is positioned for potential volatility with the upcoming CPI release, expected at 2.6%. This inflation data could significantly influence market direction.
Key Levels:
Pivot Line: 68.53
Resistance Levels: 70.49, 71.78, 72.74
Support Levels: 67.03, 65.85, 63.51
Scenarios:
Bullish Scenario: A break and close above the pivot line at 68.53 could drive prices toward 70.49 and potentially higher levels at 71.78. Sustained trading above these levels may further confirm the bullish trend.
Bearish Scenario: If the price fails to hold above 68.53 and breaks below 67.03, it could lead to a bearish move toward 65.85 and eventually 63.51, aligning with a potential market reaction to higher-than-expected CPI data.
Today's CPI release is anticipated to cause notable volatility, so monitor these levels closely for potential breakouts in either direction.
Technical analyst focused on gold, indices, and forex.
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
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Technical analyst focused on gold, indices, and forex.
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Bài đăng liên quan
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.