Dear Traders,
The WTI is at resistance and it will be either make it or break it. There are two possible scenarios, in my opinion.
53..95-54.53 is the POC zone where the last try for bears to tank the price could happen. We see that the price wants to go down, but it lacks momentum. If the bears fail to bring the price lower, a close above 54.70 will be bullish and the WTI could target 55.06, 56.21 and 56.94. However a drop off the POC zone will aim for 53.05, 52.38 and 51.23.
US Dollar Index Price Forecast
Every new US Dollar Index analysis as it publishes, today's technical signal and key levels, live price — on one page.
See all US Dollar Index forecastsThe analysis has been done with the CAMMACD.MTF template.
For more daily technical and wave analysis and updates, sign-up up to our ecs.LIVE channel.
Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea
