Possible correction WTI. H4 27.08.2024
Possible correction WTI
Oil has now approached the marginal resistance zone 77.41-77.97,
as shown in the previous analysis.
Large point volumes have appeared in the zone and may mean
fixation of purchases and the beginning of accumulation
of corrective sales.
The question is whether the pullback will be
and how deep it will be.
In general, I expect an approach around 1/2 of the margin
and then up again from there. That's why yesterday at 77.40
I closed 50% of buys and I'm still in the waiting mode.
Oil after filling volumes likes to make
gains and then go into a reversal.
Oil has now approached the marginal resistance zone 77.41-77.97,
as shown in the previous analysis.
Large point volumes have appeared in the zone and may mean
fixation of purchases and the beginning of accumulation
of corrective sales.
The question is whether the pullback will be
and how deep it will be.
In general, I expect an approach around 1/2 of the margin
and then up again from there. That's why yesterday at 77.40
I closed 50% of buys and I'm still in the waiting mode.
Oil after filling volumes likes to make
gains and then go into a reversal.
FOREX|СМЕ - t.me/newwavetrade
Crypto - t.me/kovachcrypto
Crypto - t.me/kovachcrypto
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.
FOREX|СМЕ - t.me/newwavetrade
Crypto - t.me/kovachcrypto
Crypto - t.me/kovachcrypto
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.