WTI Poised for Upside: Key Levels to Watch
Hello,
WTI is positioned for potential further upside! Sellers seem confident that the current move is the extent of it and expect a downturn from here. However, the short-term trend remains bullish, while the long-term outlook is neutral to slightly bearish. Market sentiment currently favors a continuation of the bullish trend. The 1M PP has acted as support, triggering the recent rally. For continued upside towards the 1Y PP, a move above 74.688 and a sustained break above it are needed to confirm further bullish momentum.
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
WTI is positioned for potential further upside! Sellers seem confident that the current move is the extent of it and expect a downturn from here. However, the short-term trend remains bullish, while the long-term outlook is neutral to slightly bearish. Market sentiment currently favors a continuation of the bullish trend. The 1M PP has acted as support, triggering the recent rally. For continued upside towards the 1Y PP, a move above 74.688 and a sustained break above it are needed to confirm further bullish momentum. No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
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