FX.co ★ Daily Forex Analytics. Forecast of the currency exchange rate for today

On the H1 chart, WTI has found support around 89.00. A technical bounce above this level could give us an opportunity to buy to the top of the downtrend channel...

On the other hand, a close below 86.50 on the 4-hour chart will be the confirmation of the break of the uptrend channel. Thus, a decline could occur towards 7/8...

In the early American session, WTI (#CL) is trading around 86.50, just below 8/8 Murray and below its high of 88.52. According to the 4-hour chart, the trend for crude...

We have two scenarios to operate Crude Oil. The first is to wait for a technical bounce above the 21 SMA (84.92) in order to buy with targets at 87.50...

The next immediate support levels are located at the SMA of 21 at 83.25. Following a sharp break of this moving average, we could expect a move down around 6/8...

The key level is the SMA at 21 located at 78.84. If WTI breaks 79.00 and consolidates again above it, we could expect crude to reach the resistance of 81.25...

Our trading plan for the next few hours is to sell below the 5/8 Murray around 78.12, targeting the 21 SMA at 76.51. If the downward pressure prevails, we could...