WTI oil fundamental
Oil prices fell at the end of last week due to the global economic slowdown
The last two consolidation phases resulted in further downturns
However, correction is also possible - at 50% retracement levels
The main support is shown by the 61.8% Fibo retracement last exchange rate drop
Traders are expecting an oil correction, but oil prices continue to fall due to the current market situation.
The last two consolidation phases resulted in further downturns
However, correction is also possible - at 50% retracement levels
The main support is shown by the 61.8% Fibo retracement last exchange rate drop
Traders are expecting an oil correction, but oil prices continue to fall due to the current market situation.
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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.
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.