Hello everyone,
WTI OIL 6H NEW FORECAST
Oil price trading stabilizes below the level of 73.73, so that the bearish trend scenario remains valid and effective for the coming period, supported by the negative pressure formed by the moving average of 50, waiting to head towards the levels of 72.20 and then 70.33, which represent our next main targets.
Consistency below 73.73 is important to achieve the proposed goals, as breaching it represents an initial key to turning higher and attempting to build an upward wave on an intraday basis, mainly targeting the 77.86 areas.