Hello everyone,
WTI Crude Oil 6H NEW FORECAST
Oil price trading stabilizes above the moving average of 50, and we expect the bullish tendency to continue to visit the pivotal resistance of 73.73 mainly, awaiting further expected rise during the coming sessions.
Consistency above 71.35 represents an important condition for the continuation of the proposed upward trend, as breaking it represents the key to returning to resuming the main downward trend again, heading towards achieving negative targets starting at 69.15 and extending to 67.04.
The expected trading range for today is between Support 70.50 and Resistance 73.73
The general trend expected for today: Bullish
WTI Crude Oil 6H NEW FORECAST
Oil price trading stabilizes above the moving average of 50, and we expect the bullish tendency to continue to visit the pivotal resistance of 73.73 mainly, awaiting further expected rise during the coming sessions.
Consistency above 71.35 represents an important condition for the continuation of the proposed upward trend, as breaking it represents the key to returning to resuming the main downward trend again, heading towards achieving negative targets starting at 69.15 and extending to 67.04.
The expected trading range for today is between Support 70.50 and Resistance 73.73
The general trend expected for today: Bullish
