HomeLive CommentsWTI oil breaks 64, but strong resistance still expected from 66.49

WTI oil breaks 64, but strong resistance still expected from 66.49

ActionForex
By ActionForex

WTI crude oil reaches as high as 64.48 so far as recent rally resumes. At this point, we’d still be expecting strong resistance inside 63.04/66.49 to limit upside to bring reversal. We’re not expecting break out from established range between 50.64/66.49 yet. However, firm break of 66.49 will bring upside acceleration to 100% projection of 42.05 to 66.49 from 50.86 at 75.29.

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