CRUDE OIL (WTI) Key Levels to Watch 🛢

Dec 14, 2021

Hey traders,

A lot of questions about WTI Oil.
The market still looks very bullish to me.
Here are the key levels for you to look for trend-following / counter-trend trades.

For trend following opportunities watch:

• Support 1: 61.2 - 62.6
  
• Support 2: 57.0 - 58.3
  

For counter-trend opportunities watch:

• Resistance 1: 74.6 - 76.0
  
• Resistance 2: 78.0 - 79.5
  
• Resistance 3: 84.8 - 86.0
  
• Resistance 4: Major rising trend line
  

Once one of the key levels is reached, look for the intraday confirmation before you open a trading position.

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