West Texas Intermediate will test major resistance at $55

Near-term uptrend for West Texas Intermediate. WTI will test major resistance at $55.

WTI 8-Month Daily Candlestick Chart

Reference my last post for West Texas Intermediate when it held support near $47.


“Technical Analysis is about putting the probabilities on your side.”

Note: This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.

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