Hi dear follower, I present you the analysis of 2020/04/26 on the CFDs WTI crude oil market.
From April 22nd to April 24th the CFDs WTI crude oil market was on the rise.
On April 24th at 6:00 am the market breaks the support of the bullish trend to enter a range trend with 15.97 as new support and 18.0 as resistance.
At the moment given that we have a high volume of purchases with a spreab box and the price is above the VWAP and we can expect an increase in the market.
So at the opening of the market if the situation continues we can enter in a buy position with a target of 18.05 and a stop loss of 16.66. If the market breaks 18.05 with force then we can extend our target to 19.13.
From April 22nd to April 24th the CFDs WTI crude oil market was on the rise.
On April 24th at 6:00 am the market breaks the support of the bullish trend to enter a range trend with 15.97 as new support and 18.0 as resistance.
At the moment given that we have a high volume of purchases with a spreab box and the price is above the VWAP and we can expect an increase in the market.
So at the opening of the market if the situation continues we can enter in a buy position with a target of 18.05 and a stop loss of 16.66. If the market breaks 18.05 with force then we can extend our target to 19.13.