Light Crude Oil Futures, H4 | Potential for bounce!
Type : Bearish dip
Resistance : 103.78
Pivot: 95.09
Support : 93.51
Preferred case: Prices have approached a pivot . We see the potential for a bounce from our pivot at 95.09 which is a graphical overlap and in line with 127.2% Fibonacci extension towards our 1st resistance at 103.78 in line with 127.2% Fibonacci Projection .
Alternative scenario: Alternatively, price may break our pivot structure and head for 1st support at 93.51 in line with 161.8% Fibonacci projection .
Fundamentals: With ongoing inflation and war tension, we will expect more bullish upside with the commodity.
Resistance : 103.78
Pivot: 95.09
Support : 93.51
Preferred case: Prices have approached a pivot . We see the potential for a bounce from our pivot at 95.09 which is a graphical overlap and in line with 127.2% Fibonacci extension towards our 1st resistance at 103.78 in line with 127.2% Fibonacci Projection .
Alternative scenario: Alternatively, price may break our pivot structure and head for 1st support at 93.51 in line with 161.8% Fibonacci projection .
Fundamentals: With ongoing inflation and war tension, we will expect more bullish upside with the commodity.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
免責事項
これらの情報および投稿は、TradingViewが提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。