Crude Oil Back at Pivotal Support
WTI is back at a major support pivot we've been tracking for months now at 77.56/67.
A weekly close below this threshold would be needed to invalidate the yearly uptrend and exposes a possible plunge towards 75.33 and the yearly Low-day close at 72.93.
Key resistance steady at the 200-day moving average / 38.2% retracement at 79.89-80.01.
Moment of truth for the bulls - watch the weekly close here. .
Michael Boutros
MBForex
A weekly close below this threshold would be needed to invalidate the yearly uptrend and exposes a possible plunge towards 75.33 and the yearly Low-day close at 72.93.
Key resistance steady at the 200-day moving average / 38.2% retracement at 79.89-80.01.
Moment of truth for the bulls - watch the weekly close here. .
Michael Boutros
MBForex
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.