WTI appraoching support, potential bounce!
WTI is approaching our first support at 51.29 (horizontal swing low support, 100% Fibonacci extension, 78.6% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 54.02 (horizontal swing high resistance, 61.8% Fibonacci retracement).
Stochastic (21,5,3) is also approaching support where we might see a bounce in price.
Stochastic (21,5,3) is also approaching support where we might see a bounce in price.
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