香港
2024-11-19 21:20
業界WTI Bulls Hold, Sellers Dominate
WTI crude formed a daily bullish engulfing pattern yesterday at a key support level, signaling that bulls are still actively defending this area. However, the higher timeframes show a strong downtrend remains in place.
The price may continue ranging until it either breaks lower or retests the 71.435-72.5 zone to attempt a breakout.
In summary: Technically, significant selling pressure is expected to persist unless WTI breaks and closes above 72.5.
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Kevin Cao
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WTI Bulls Hold, Sellers Dominate
香港 | 2024-11-19 21:20
WTI crude formed a daily bullish engulfing pattern yesterday at a key support level, signaling that bulls are still actively defending this area. However, the higher timeframes show a strong downtrend remains in place.
The price may continue ranging until it either breaks lower or retests the 71.435-72.5 zone to attempt a breakout.
In summary: Technically, significant selling pressure is expected to persist unless WTI breaks and closes above 72.5.
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