WTI is approaching our first support at 51.29 (horizontal swing low support, 100% Fibonacci extension , 78.6% Fibonacci retracement ) where a strong bounce might occur above this level pushing price up to our major resistance at 54.02 (horizontal swing high resistance, 61.8% Fibonacci retracement ).
Stochastic (21,5,3) is also approaching support where we might see a bounce in price.
Stochastic (21,5,3) is also approaching support where we might see a bounce in price.
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🧑🏫🧑🏫 Author of the #1 Order Flow Script:
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.