WTI Oil Price Expected to Break Upward Trend Channel, Faces Sell Pressure
chart by ICM.com
Chartist Trader
6/24/20241 min read
The expectation is for the price to break out of the uptrend channel today, causing WTI Oil prices to shift to a negative sentiment under sell pressure. A minor retreat is anticipated as the price touches the support area, followed by further declines once sellers enter the market upon reaching the resistance area for WTI Oil prices.
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