WTI Crude Oil, Technical Analysis – H1
The downtrend remains intact. However, the recent formation of a new low opens the door for an upward technical correction.
The downtrend remains intact. However, the recent formation of a new low opens the door for an upward technical correction, with potential recovery toward the $70 per barrel zone, where a significant cluster of technical levels is present. There is little doubt that oil will face renewed selling pressure in this area.
Key Levels:
□ 70.00
□ 67.00
Primary Scenario:
Corrective upside toward 70.00, followed by a downward reversal.
Alternative Scenario:
Decline toward 67.00.
Analyst Commentary:
Avoid buying into the current move. It is more prudent to wait for the corrective pullback to complete before looking for trend-following short positions.
نيكولاي كريشتوبوف محلل أسواق في Investizo يتمتع بخبرة تزيد على 15 عامًا في قطاع الأسواق المالية وأكثر من عقد من الخبرة في التداول. تشمل مجالات اهتمامه أسواق الفوركس والعملات الرقمية، والتحليل الفني، والتداول اليومي، وسلوك السوق.