WTI CRUDE OIL can rise in the next 2 months back to $110 accordi
WTI Crude Oil has been trading in the past two months on the Rising Support that emerged on the March 2021 Low. The longer it holds, the more likely a medium term (2 month) rebound is, back to the Resistance Zone and $110.
The reversal on the 1week MACD also supports that.
If the Rising Support breaks, the 1week MA200 will be the last level of Support before the Oil market collapses long term to the $35 Support Zone.
P.S. Short term still looks like the analysis below:
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The reversal on the 1week MACD also supports that.
If the Rising Support breaks, the 1week MA200 will be the last level of Support before the Oil market collapses long term to the $35 Support Zone.
P.S. Short term still looks like the analysis below:
Follow us, like the idea and leave a comment below!!
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