FUND Sell 08.04.2021 10:05
WTI Crude Oil: correction to an uptrend
Oil prices are under pressure after yesterday's publication of official statistics on US energy reserves.
FUND Sell 06.04.2021 09:07
WTI Crude Oil: active decline amid OPEC+ decision
The price of North American light oil, WTI Crude Oil, is moving within a corrective trend, trading at 59.30.
TECH Sell 29.03.2021 07:32
WTI Crude Oil: wave analysis
The price is in a correction, a fall is possible.
On the daily chart, a downward correction of the higher level developed as the wave B, and the upward wave C forms, within which the first wave 1 of (1) of C develops. Now, the third wave of the lower level iii of 1 has formed, and a local correction is developing as the wave iv of 1, within which the wave (a) of iv has formed. If the assumption is correct, after the end of the wave (b) of iv, the price will fall to the levels of 54.69–50.66. In this scenario, critical stop loss level is 68.02.