Forex Daily Pivot Points and Market Situation:
Daily Pivot Point of CRUDE OIL (WTI) Sybmol in 30M Time Frame Chart is: 74.20 and Preferred situation is Bearish.
Forex Daily Support and Resistance Lines:
Technical analysis of CRUDE OIL (WTI): Resistance Lines of Day in 30M Time Frame:
- Resistance Level 3: 75.80
- Resistance Level 2: 75.00
- Resistance Level 1: 74.20
Technical analysis of CRUDE OIL (WTI): Support Lines of Day in 30M Time Frame:
- Support Level 1: 72.10
- Support Level 2: 71.20
- Support Level 3: 70.50
Forex Trading Signals:
Our Preferred Senario is Short Positions (Sell) under 74.20 with first target at 72.10 and second target at 71.20 in extension as take profits.
If the market moves in the opposite direction, Alternative Senario is Long Positions (Buy) above 74.20 with first target at 75.00 and second target at 75.80 in extension as take profits