WTI Crude Oil Ready for a Bounce
The chart shows a break of a rising trendline with price pulling back to retest the $69.40 support level.
Given the rejection at this level, there's a potential for a bullish reversal targeting the next liquidity area around $72.50.
Traders should watch for confirmation of a higher low before entering long positions to ride the breakout.
Given the rejection at this level, there's a potential for a bullish reversal targeting the next liquidity area around $72.50.
Traders should watch for confirmation of a higher low before entering long positions to ride the breakout.
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