WTI BULLISH ABOVE PREVIOUS WEEK'S HIGHS
Login

WTI BULLISH ABOVE PREVIOUS WEEK’S HIGHS

Estimated Reading Time: 1 minute
Article Rating:
Based on 1 vote
Login to rate this article.

Orlando Gutierrez

Updated:
Key Support: 62.60 – 62.00
Key Resistance: 64.00 – 66.00 – 68.00

Crude Oil has been really bullish since the lockdowns rules have eased around the world. With higher demand for petroleum based products and OPEC output cuts to level the oil markets and sustain prices we have seen a big rally from the pandemic lows.

Fast forward almost a year and WTI went from negative numbers to topping at $68/barrel.

After those highs price dipped 15% to retest the 57 level and started trading inside of a flag at the end of a triangle formation. We missed the breakout but right now price is trading inside of last week´s range right at support.

A breakout of last week´s highs would ignite the next bullish leg of the move.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
Entry Price Levels

Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News