WTI Wave Analysis

  • WTI reversed from support area
  • Likely to rise to resistance level 110.00

WTI recently reversed up from the support area located between the key support level 103.25 (the previous Hammer low from May), lower daily Bollinger Band and the 61.8% Fibonacci correction of the upward price impulse 1 from April

The upward reversal from the support level 103.25 started the active minor impulse wave 3.

WTI can be expected to rise further toward the next resistance level 110.00 (former top of the minor correction (b) from the middle of June).

FxPro
FxProhttp://www.fxpro.co.uk/?ib=606792
FxPro is an award-winning online broker offering Contracts for Difference (CFDs) on forex, futures, spot indices, shares, spot metals and spot energies. FxPro serves clients in over 150 countries worldwide and offers multilingual customer support 24/5. Trading CFDs involves significant risk of loss.

Featured Analysis

Learn Forex Trading