3 min readOIL (WTI/USD | BRENT):
Oil has experienced a strong rally in recent weeks, finding support near the recent lows around $66.00 and climbing to new highs at $78.
On a higher timeframe, it is evident that the support area around $66 held firmly, with prices rebounding sharply and trading aggressively to the upside. On the weekly chart, we can also see a decisive break through the external descending trendline. I will be closely monitoring whether this upward momentum continues, potentially driving prices higher toward the external resistance level near $90.
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The financial products offered by the Company are complex and come with a high risk of losing money rapidly due to leverage. These products may not be suitable for all investors. Before engaging, you should consider whether you understand how these leveraged products work and whether you can afford the high risk of losing your money.
The Company does not accept clients from the Restricted Jurisdictions as indicated in our website/ T&C. Some services or products may not be available in your jurisdiction.
The applicable legal entity and its respective products and services depend on the client’s country of residence and the entity with which the client has established a contractual relationship during registration.
