Oil price is trying to recover

4 thg 10, 2023

The price perfectly fulfills my last idea and the price reached our target.

Additionally Today we have US crude oil stocks and it will affect the market.

WTI Crude Oil has been correcting, more aggressively than most thought after a High outside of the Channel Up.

Therefore, we expect to witness negative trading during the coming sessions, with the need to be aware that failure to break 88.54 will push the price to achieve additional gains of up to 90.39 initially.


stabilizing above 88.54 will support rising to touch 90.39 , 91.04 then 92.45

stabilizing under 87.67 will support falling to touch 86.08 and then 85.31


I prefer not to trade at this moment until today to know what the OPEC Plus will do.


Resistance prices: 90.39 & 91.04 & 92.45
Support prices: 86.08 & 85.31 & 84.35

The expected trading range for today is between support 87.67 and Resistance 91.04