WTI - All public data releases regarding one of the most traded futures on the financial markets are slightly controversial lately. What we can observe on a 1D chart is leveled bearish channel that is following so far all rules of the systematic bounce of the formed channel, if we don't observe a break below the current level it is likely to see another bounce the to mid-80s. Following the ease-up in China's Covid-19 restrictions is another reason to believe price recovery due to bulls' push might be happening in the near future.
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Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
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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.