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WTI Wave Analysis – 9 May 2025

WTI: ⬆️ Buy– WTI reversed from support area– Likely to rise to resistance level 62.00WTI crude oil recently reversed up from the strong support area between the support level 54.90 (which stopped wave 3 at the start of April) and the lower daily Bollinger Band.The upward reversal from th…

Mise à jourMai 10, 2025
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WTI: ⬆️ Buy

– WTI reversed from support area

– Likely to rise to resistance level 62.00

WTI crude oil recently reversed up from the strong support area between the support level 54.90 (which stopped wave 3 at the start of April) and the lower daily Bollinger Band.

The upward reversal from this support area stopped the previous impulse waves 5 and (3).

WTI crude oil can be expected to rise to the next resistance level 62.00 (former minor support from the middle of April).

Source: https://fxpro.news

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