WTI is trending lower, and RSI is also falling, suggesting the price bias is to the downside.
As we expected yesterday the has pulled back to 141.80, then bounced higher from this level, we expect prices to test 143.30 then 144. Current support will be at 141.80.
Prices pulled back since the beginning of trading day trading near support level at 49.50$,
Currently prices are moving inside an ascending channel, exceeding the upper line near to resistance at 0.7100 would send the pair higher to target 0.7130 then 0.7170. the pair would find support at 0.7030 then 0.6980.
Prices are moving inside a sideways channel tends to rise after the big drop. The pair has risen
The pair has risen since the beginning of trading day exceeding the upper line of descending
The pair has fallen since the beginning of trading day and trading currently near to important
The pair failed to break through resistance level at 1.2845, exceeding this level would send
We mentioned yesterday about prices formed a descending triangle, and with the beginning of
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