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CRUDE OIL (WTI) Structure Analysis & Key Levels
CFDs on Crude Oil (WTI)
Short
CRUDE OIL (WTI) Structure Analysis & Key Levels
By VasilyTrader
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Sep 5, 2020
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Sep 5, 2020
Crude oil lost almost 10% from the 26th of August.
clearly, 43.5 is our new key daily structure and currently, it is the closest strong resistance.
the closest support is quite far.
34.4 - 36.2 is the first strong support based on this year's price action.
the next support is lying within 27.1 - 28.7 also based on this year's price action.
we will look for trading opportunities from these key levels once they will be reached.
brent
Crude Oil Futures WTI (CL1!)
Commodities
futures
Oil
Supply and Demand
Support and Resistance
Technical Analysis
Trend Analysis
Crude Oil Brent
Crude Oil WTI
WTI
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