Crude Oil WTI, final leg down
WTI in the final leg towards long term support (62$). Around that price level, you can find multiple prior lows, the lower Mogalef volatility band, the YTD VWAP 3 SD band, and very oversold levels
Note that below that support level, there's nothing stopping the price from going down to the 43$ level, as very little volume was traded in the 40$ to 60$ range and there's no strong pivot points.
Please share your thoughts!
Note that below that support level, there's nothing stopping the price from going down to the 43$ level, as very little volume was traded in the 40$ to 60$ range and there's no strong pivot points.
Please share your thoughts!
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