CRUDE OIL (WTI) Key Levels to Watch
WTI Oil finally reached our goal.
What is next?
Here are the key levels for you to watch:
Resistance 1: 73.7 - 74.2
The price is approaching that area at the moment.
Being quite overbought, we might expect a pullback from that.
Next week I will look for a confirmation to short from there.
I will post the update if I see a nice setup.
Resistance 2: 76.3 - 77.0
The area is based on year's high.
In case of the bullish violation of Resistance 1, that will most likely be the next goal for buyers.
Support 1: 69.3 - 70.6
Our closest demand area.
Spotting that earlier we nicely predicted a bullish rally from that.
In case of its test in the future, we will look for pullback trades from there.