Resistance In View For WTI Crude Oil Futures
The Thursday session is off and running, and WTI crude oil is extending Wednesday’s gains. It appears as though the market is actively pricing an ominous EIA inventories report into CME WTI crude oil futures. At press time, WTI is pushing weekly gains...
USOIL (WTI Crude) Tests Key Support Zone
Tuesday was a topsy-turvy day on the markets with US equities putting in a whipsaw session. One of the big winners was USOIL, which posted a solid daily gain above 2%.
The action was a bit counterintuitive as a strong USD typically means...
The market broke through the main support level . I think that if the price makes retracement to the resistance zone at 1665.10 after we can see further downward move.
I expect some pullback then sell if price rolls back to it. My goal is the support level at 1640.000.
To follow my analysis...
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