TECH Buy 02.07.2020 11:43
WTI Crude Oil: Fibonacci analysis
On the 4-hour chart, the price reversed from 37.00 (61.8% correction) and began to grow, relying on a counter rising fan. Currently, the course has broken most of the key levels of and tends to 41.10 (correction of 0.0%). The key “bearish” level is 39.50 (correction 23.6%, line of the oncoming fan 50.0%, Bollinger bands’ midline). The consolidation below it will let the correction begin to 38.55 (correction 38.2%) and 37.75 (correction 50.0%). However, this movement seems less likely since technical indicators reflect growth. Bollinger Bands and Stochastic are directed upwards. The MACD histogram is stable in the positive zone.
FUND Sell 23.06.2020 08:33
WTI Crude Oil: price continues to rise
Oil prices rise slightly near 40.00 amid concerns about the second wave of the COVID-19 pandemic.