Since December, Oil was trading in a range between 70 and 82, and after the false break under 70 that happened in March, bulls came back with a vengeance.
The beginning of April is marked by a small consolidation above the 80 figure and just under the resistance and yesterday's candle seems to have resolved "the case" in bulls' favor.
The most likely scenario at this moment is up continuation and most obvious target is the 92-93 resistance zone.
I'm bullish WTI as long as the price stays above 80
The beginning of April is marked by a small consolidation above the 80 figure and just under the resistance and yesterday's candle seems to have resolved "the case" in bulls' favor.
The most likely scenario at this moment is up continuation and most obvious target is the 92-93 resistance zone.
I'm bullish WTI as long as the price stays above 80
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📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Related publications
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.