Trend: Bullish momentum continues as WTI Crude Oil consistently rejects its supply zones, signaling strong buying interest. EMA Crossovers: Price has successfully crossed over the 100 EMA, 200 EMA, and 50 EMA, indicating a clear upward trend and a confirmation of strong bullish momentum. Support Zone: The recent rejections from supply zones reinforce this bullish scenario, showing resilience in price action. 🚀 Forecast:
The technical target for this bullish move is projected at 83.00, aligning with strong resistance levels and Fibonacci extensions. Buyers are dominating the market, and the trend suggests further upward movement in the short to medium term. 💡 Trading Insight:
With all major moving averages aligning for an uptrend and continuous bullish price action, it’s an opportune time to look for buy setups on pullbacks or consolidations. Keep an eye on key supply and demand zones for potential reversals or breakout confirmations.
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