3 min readOIL (WTI/USD | BRENT):
Analysing the daily technicals, it’s clear that the price action remains constrained near the lows around the $69.00 level. If the price breaks to the upside, I will be monitoring the internal resistance levels around $78.00 and $84.00.
Focusing on the weekly timeframe, it’s evident that we are trading within a broader support zone, with the potential for a retest of this level before moving higher. The RSI indicator does not currently suggest that the price is either overbought or oversold in the short term.
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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.
