WTI To $66

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WTI To $66

davidb31
2022-12-11

$Micro WTI Crude Oil - main 2301(MCLmain)$

Once the news of Russia's retreat from Ukraine (likely fake) hits,oil and gas prices will spike down so far and so fast your ears will pop.

Meanwhile, WTI has more recently dipped below the 80% retracement of the 2021-2022 major move at $70 and borders the middle level of the Biden administration’s $67-$72 range. Price action appears to be respecting this level but that is not to say prices can’t head toward $66 in the interim.

The RSI has yet to enter oversold conditions, suggesting that further downside remains a possibility despite the artificial floor set by the SPR. Support comes in at $72, $67 and $62 (full Fib retracement). Resistance remains at $77, followed by $88.40.

https://www.tradingview.com/chart/USOIL/kuE9Sohu-WTI-To-66/

# Futures Club

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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J13168
·2022-12-11
thumbs up for sharing
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Krictique
·2022-12-12
👍
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Huiz84
·2022-12-12
K
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Nongren
·2022-12-12
o
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st_1518
·2022-12-11
rebound
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- Aoyjai:
  Yes
  2022-12-12
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SkyLim
·2022-12-11
ok
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Kc48
·2022-12-11
Ok
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诗诗诗诗
·2022-12-11
[smile]
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Maxcrusader
·2022-12-11
Yup ok
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ArronG
·2022-12-11
Wondde
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Mingfa
·2022-12-11
ok
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hh488
·2022-12-11
wow!
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MdmPhua
·2022-12-11
ok
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lionbroker
·2022-12-11
ok
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Jim LEO
·2022-12-11
[smile]
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AlpineSnow
·2022-12-11
👍
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Steve81
·2022-12-11
Good
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davloh
·2022-12-11
[Happy]
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cctv1
·2022-12-11
ok
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River69
·2022-12-11
ok
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Meanwhile, WTI has more recently dipped below the 80% retracement of the 2021-2022 major move at $70 and borders the middle level of the Biden administration’s $67-$72 range. Price action appears to be respecting this level but that is not to say prices can’t head toward $66 in the interim. The&nbsp;RSI&nbsp;has yet to enter oversold conditions, suggesting that further downside remains a possibility despite the artificial floor set by the&nbsp;SPR. Support comes in at $72, $67 and $62 (full Fib retracement). Resistance remains at $77, followed by $88.40.https://www.tradingview.com/chart/USOIL/kuE9Sohu-WTI-To-66/</body></html>","htmlText":"<html><head></head><body><a href=\"https://ttm.financial/FUT/MCLmain\">$Micro WTI Crude Oil - main 2301(MCLmain)$</a> <img src=\"https://community-static.tradeup.com/news/317bfca6f47518b69e8f4ad68051262a\" tg-width=\"-1\" tg-height=\"-1\">Once the news of Russia's retreat from Ukraine (likely fake) hits,oil&nbsp;and gas prices will spike down so far and so fast your ears will pop. Meanwhile, WTI has more recently dipped below the 80% retracement of the 2021-2022 major move at $70 and borders the middle level of the Biden administration’s $67-$72 range. Price action appears to be respecting this level but that is not to say prices can’t head toward $66 in the interim. The&nbsp;RSI&nbsp;has yet to enter oversold conditions, suggesting that further downside remains a possibility despite the artificial floor set by the&nbsp;SPR. Support comes in at $72, $67 and $62 (full Fib retracement). Resistance remains at $77, followed by $88.40.https://www.tradingview.com/chart/USOIL/kuE9Sohu-WTI-To-66/</body></html>","text":"$Micro WTI Crude Oil - main 2301(MCLmain)$ Once the news of Russia's retreat from Ukraine (likely fake) hits,oil and gas prices will spike down so far and so fast your ears will pop. Meanwhile, WTI has more recently dipped below the 80% retracement of the 2021-2022 major move at $70 and borders the middle level of the Biden administration’s $67-$72 range. Price action appears to be respecting this level but that is not to say prices can’t head toward $66 in the interim. The RSI has yet to enter oversold conditions, suggesting that further downside remains a possibility despite the artificial floor set by the SPR. Support comes in at $72, $67 and $62 (full Fib retracement). 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