WTI the first target was reached

The oil from the USA is the last two weeks consolidating and today a first target was reached. The 57.26$ mark was the first target on the downside.

Buyers dominate the picture today but will they be able to hold the gains? Perhaps we also see an ABC correction and finally buy again downward. The open trigger of the second PG on a weekly basis is still open.

On the weekly chart, the supports and resistances are interesting now. An intermediate high has now been broken on the upside. The bulls could now take their chance and run to the next highs. The last lows now serve as support, because hedges will now lie here. Oil is bullish again but there may be minor setbacks again.

Source: (Guidants/Godmode Trader) & JFD Broker & Binance

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WTI Bulls crashed important High but first we have to close the next weekly PG

WTI the first target was reached

The oil from the USA is the last two weeks consolidating and today a first target was reached. The 57.26$ mark was the first target on the downside.

Buyers dominate the picture today but will they be able to hold the gains? Perhaps we also see an ABC correction and finally buy again downward. The open trigger of the second PG on a weekly basis is still open.