📈WTI Crude Oil - Breakout in Play! 🚀
Crude oil has finally broken out of the descending channel, signaling a potential bullish move ahead. After finding support around the $65.75 level, buyers stepped in, pushing prices above the key resistance area.
🔹 Breakout Confirmation: Price has cleared the descending channel and is now consolidating above previous resistance.
🔹 Target: $73.00 is the next key level to watch.
🔹 Support Levels: entry $68.70 and $65.75.
🔹 50-period DEMA: Currently acting as dynamic support.
A successful retest of the breakout zone could fuel further upside momentum. Keeping an eye on price action around the $70 level!
What are your thoughts? Are we heading to $73 and beyond? Drop your analysis in the comments! 👇
#CrudeOil #WTI #Trading #Forex #Breakout #TechnicalAnalysis #PriceAction
Crude oil has finally broken out of the descending channel, signaling a potential bullish move ahead. After finding support around the $65.75 level, buyers stepped in, pushing prices above the key resistance area.
🔹 Breakout Confirmation: Price has cleared the descending channel and is now consolidating above previous resistance.
🔹 Target: $73.00 is the next key level to watch.
🔹 Support Levels: entry $68.70 and $65.75.
🔹 50-period DEMA: Currently acting as dynamic support.
A successful retest of the breakout zone could fuel further upside momentum. Keeping an eye on price action around the $70 level!
What are your thoughts? Are we heading to $73 and beyond? Drop your analysis in the comments! 👇
#CrudeOil #WTI #Trading #Forex #Breakout #TechnicalAnalysis #PriceAction
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Iam Expert Trader iam providing best and confirm signals With confirm Technical Analysis My service is huge profitable service don't miss my any post
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t.me/+tEr85TNnuD8xNDc8
Iam Expert Trader iam providing best and confirm signals With confirm Technical Analysis My service is huge profitable service don't miss my any post
t.me/+tEr85TNnuD8xNDc8
Iam Expert Trader iam providing best and confirm signals With confirm Technical Analysis My service is huge profitable service don't miss my any post
t.me/+tEr85TNnuD8xNDc8
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.