WTI Insight

2 thg 9, 2022

Hey, traders, hope you guys having great week.
At this time, we gonna check how WTI price moves.
Let's see how it is and where we can buy or sell.

We can see
1. Long-term ascending channel
2. Short-term descending channel
3. support on 85.000
4. resistance on 92.500

We should check
1. China lockdowns
2. Nuclear deal between US and Iran
3. OPEC production deal

We can expect
1. by 3 reasons, WTI price will go downward
2. price goes upward by support on 85.000 shortly, this was a chance to buy
3. if the price will face the resistance on 92.500, this will be the first chance to sell
4. if the price break the resistance on 92.500, it will go upward heading to 100.000, this will be second chance to sell
5. 77.500 will be the bottom price for now


Thanks for reading, and hope this insight is helpful. Let's see how it works.