• Vasily Trader

Crude Oil (WTI): Key Levels to Watch

Hey traders,

Contemplating this bullish rally on WTI,

here are the major key level to watch for pullbacks.

77.0 - is the structure resistance that went broken this week.

Now it turned into a support

91.0 is a minor monthly/weekly resistance.

The price may retrace from that.

107.0 - 115.0 is a major monthly resistance cluster.

A strong bearish reaction will be expected from that.

Be prepared for a bullish continuation.

Try to catch it on an occasional pullback.