Strong buying at the first week of 2025!
Price Movement The daily chart for WTI crude oil demonstrates a significant breakout after a prolonged period of consolidation. The price has recently moved above the previously defined range, indicating a shift in sentiment. Initially, the asset experienced a sideways movement within a rectangular pattern, hovering between the support and resistance levels of approximately $68.80 […]
WTI oil consolidation period continues!
Price Movement The WTI crude oil daily chart indicates a series of volatile price movements within a descending channel. The price has oscillated between the $65 support level and the $88 resistance level, reflecting a bearish trend over the past year. Recent price action shows consolidation within the $68 to $72 range, suggesting potential accumulation […]