WTI Light Sweet Crude Oil 4/26/23
For Wednesday, 80.06 can contain weekly buying pressures, below which 76.20 remains a 3 - 5 day objective able to contain selling through the balance of the week.
A daily settlement below 76.20 signals a good weekly high, the longer-term target at 71.76 by the end of next week, where the market can bottom out through May and a meaningful downside continuation point over the same time horizon.
Upside Wednesday, closing above 80.06 signals 82.29 within several days, long-term resistance able to contain buying into summer, and below which 71.76 remains a 3 - 5 week objective.
Inversely, a weekly settlement above 82.29 would indicate 95.91 over the following 2 - 3 months.
A daily settlement below 76.20 signals a good weekly high, the longer-term target at 71.76 by the end of next week, where the market can bottom out through May and a meaningful downside continuation point over the same time horizon.
Upside Wednesday, closing above 80.06 signals 82.29 within several days, long-term resistance able to contain buying into summer, and below which 71.76 remains a 3 - 5 week objective.
Inversely, a weekly settlement above 82.29 would indicate 95.91 over the following 2 - 3 months.
Anthony Speciale, founder of Speciale Analysis offers an affordable approach for all traders to grow into their highest potential.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Anthony Speciale, founder of Speciale Analysis offers an affordable approach for all traders to grow into their highest potential.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.