WTI Crude Oil, Technical Analysis – H4
Oil remains in a clear and undisputed downtrend. However, an unfilled gap around $84.20 may act as a catalyst for a corrective bounce.
Oil remains in a clear and undisputed downtrend. However, an unfilled gap around $84.20 may act as a catalyst for a corrective bounce. The key resistance level that would validate such a correction is $70.00.
Key Levels:
□ $70.00 – key resistance
□ $84.20 – unfilled gap zone
Primary Scenario:
Consolidation and hold above $70.00, potentially leading to an upward reversal.
Alternative Scenario:
Consolidation below $70.00, signaling continued bullish weakness.
Analyst Commentary:
The optimal trading approach is to closely monitor the market’s reaction at the $70.00 level.
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.