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(X1) Rally Extends

WTI TECHS
  • RES 4: $79.53 - 1.382 proj of the Aug 23 - Sep 2 - Sep 9 price swing
  • RES 3: $78.24 - 1.236 proj of the Aug 23 - Sep 2 - Sep 9 price swing
  • RES 2: $76.16 - 1.00 proj of the Aug 23 - Sep 2 - Sep 9 price swing
  • RES 1: $75.33 - Intraday high
  • PRICE: $73.08 @ 07:082 BST Sep 27
  • SUP 1: $71.61 - Low Sep 21
  • SUP 2: $69.39 - Low Sep 21 and key support
  • SUP 3: $67.35 - Low Sep 9
  • SUP 4: $67.15 - Low Aug 24

WTI futures maintain a bullish outlook and have started today's session on a firm note. The Sep 21 price pattern was a bullish doji candle, reinforcing current bull trend conditions. The subsequent rally has resulted in a break of $73.58, the Jul 6 high and bull trigger. This confirms a resumption of the uptrend and paves the way for gains towards $76.16 next, a Fibonacci projection. Key support is at $69.39, Sep 21 low.

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