A signal to resume long positions will be a breakdown of the resistance level 63.40, and a breakdown of the resistance level 64.23 will become a confirmation signal.
In an alternative scenario, the price will resume its decline towards the long-term support level 56.00, and in case of its breakdown - towards the key support levels 52.00, 53.85 (see Current Fundamental Analysis and Market Expectations)
Support levels: 61.75, 60.61, 59.10, 56.00, 52.85, 52.00, 50.00, 46.50, 45.00, 41.90
Resistance levels: 63.40, 64.23, 66.30, 62.00, 66.30, 68.00, 70.00, 73.00, 77.00
Trading recommendations
Sell Stop 61.55. Stop-Loss 63.15. Take-Profit 61.00, 60.61, 59.10, 56.00, 52.85, 52.00, 50.00, 46.50, 45.00, 41.90
Buy Stop 63.15. Stop-Loss 61.55. Take-Profit 63.40, 64.23, 66.30, 62.00, 66.30, 68.00, 70.00, 73.00, 77.00
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**) WTI: Current Fundamental Analysis and Market Expectations
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