WTI Crude Oil: ⬆️ Buy
– WTI Crude Oil reversed from support zone
– Likely to rise to resistance level 95.00
WTI Crude Oil recently reversed up from the support zone between the key support level 87.00 (former resistance from August), former resistance trendline of the broken daily down channel from March (acting as the support after it was broken) and the 38.2% Fibonacci correction of the upward impulse from the start of July.
The upward reversal from this support zone completed the ABC correction ii from the middle of September.
Given the strength of the support level 87.00, WTI Crude Oil can be expected to rise further toward the next resistance level 95.00 – which stopped wave (b) at the end of September.
, former resistance trendline of the broken daily down channel from March (acting as the support after it was broken) and the 38.2% Fibonacci correction of the upward impulse from the start of July.){kind=link}