Part 9 - Risk-off August - WTI Daily
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Crude Oil (WTI) – Daily Resistance & Support:
Resistance: 70.00 / 80.00 / 90.00 / 100.00
Support: 66.50 / 60.50 / 58.00 / 52.00
Crude Oil (WTI) – Summary:
Expected to complete the correction at or around the 60.50 Levels and resume the up-trend in an impulsive manner.
If the Bullish Impulse will present an Extension, the swing could reach 80.00 Levels, but could also reach 90.00 or even 100.00 Levels.
If a Bearish Breach of the 60.50 Levels would occur, then WTI could even reach the 52.00 Levels as the next bulls’ points of interest and vibration area.
Resistance: 70.00 / 80.00 / 90.00 / 100.00
Support: 66.50 / 60.50 / 58.00 / 52.00
Crude Oil (WTI) – Summary:
Expected to complete the correction at or around the 60.50 Levels and resume the up-trend in an impulsive manner.
If the Bullish Impulse will present an Extension, the swing could reach 80.00 Levels, but could also reach 90.00 or even 100.00 Levels.
If a Bearish Breach of the 60.50 Levels would occur, then WTI could even reach the 52.00 Levels as the next bulls’ points of interest and vibration area.
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