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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.

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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.

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Indicators

MA10
MA20
MA50
MA100
MACD
BBands
Ichimoku
Stochastic
William`s
ZigZag
Overall recommendation Active Buy
MA10
MA20
MA50
MA100
MACD
BBands
Ichimoku
Stochastic
William`s
ZigZag
Overall recommendation Sell
MA10
MA20
MA50
MA100
MACD
BBands
Ichimoku
Stochastic
William`s
ZigZag
Overall recommendation Active Buy
MA10
MA20
MA50
MA100
MACD
BBands
Ichimoku
Stochastic
William`s
ZigZag
Overall recommendation Active Buy
MA10
MA20
MA50
MA100
MACD
BBands
Ichimoku
Stochastic
William`s
ZigZag
Overall recommendation Buy
MA10
MA20
MA50
MA100
MACD
BBands
Ichimoku
Stochastic
William`s
ZigZag
Overall recommendation Buy
MA10
MA20
MA50
MA100
MACD
BBands
Ichimoku
Stochastic
William`s
ZigZag
Overall recommendation Active Buy

Market sentiment

96% sell
4% buy