WTI is Trapped in a Range – Breakout is Possible

Nenad Kerkez
WTI is Trapped in a Range - Breakout is Possible

After the breakout of the symmetrical triangle to the upside, the WTI has been consolidating in a tight range between pivot points, mainly D H3 and D L3.  If the price closes above D H3 – 66.92 then 67.30 and 67.55 should be next, eventually followed by 67.93. Below D L3 66.18 we might see 65.80 followed by 65.17. Watch for volatility during the US session, later in the day.

WTI is Trapped in a Range - Breakout is Possible

  • W L3 – Weekly Camarilla Pivot (Weekly Interim Support)
  • W H3 – Weekly Camarilla Pivot (Weekly Interim Resistance)
  • W H4 – Weekly Camarilla Pivot (Strong Weekly Resistance)
  • D H4 – Daily Camarilla Pivot (Very Strong Daily Resistance)
  • D L3 – Daily Camarilla Pivot (Daily Support)
  • D L4 – Daily H4 Camarilla (Very Strong Daily Support)
  • POC – Point Of Confluence (The zone where we expect the price to react aka entry zone)

Best wishes,

Nenad

Follow EliteCurrenSea on Facebook – @tarantulafx on Twitter – for the latest market updates.

Don't miss a thing!

Discover what's moving the markets sign up for a daily update delivered to your inbox

Latest Articles

See All

Expand Your Knowledge

See All

Favorites

SymbolLast PriceChange
EURUSD
EUR/USD
1.1605
+0.0029
+0.25%
GBPUSD
GBP/USD
1.3248
+0.0076
+0.58%
XAUUSD
Gold
1267.5
-1.7400
-0.14%
CL
Crude Oil
65.850
+0.3300
+0.5%
SPX
S&P 500
2753.0
-20.750
-0.75%
DAX
DAX 30
12461.5
-239.00
-1.88%
Live Quotes

Top Promotions

Top Brokers

Don't miss a thing!

Discover what's moving the markets sign up for a daily update delivered to your inbox