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CRUDE OIL (WTI) Weekly Time Frame & Key Levels
CFDs on Crude Oil (WTI)
Long
CRUDE OIL (WTI) Weekly Time Frame & Key Levels
By VasilyTrader
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Nov 27, 2020
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Cheer
Cheer
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Nov 27, 2020
hey traders,
just 12 hours until weekly candle closes.
it looks like the market will close above key weekly resistance (very strong bullish clue).
I am already bullish biased.
Here are the next key levels to pay attention to:
Resistance 1 - 50.5 - 55.0 area is based on price action from 2015'th
Resistance 2 - 63.0 - 66.5 area is based on 2019's highs
Support 1 - 42.0 - 43.5 area. I will look for a pullback to buy from that.
Key levels serve as the goal for buyers/sellers and give the safest entry points.
brent
Crude Oil Futures WTI (CL1!)
Commodities
Crude Oil
fundamental-analysis
futures
Oil
Supply and Demand
Support and Resistance
Trend Analysis
Crude Oil Brent
WTI
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