Title
WTI H4| Bullish Continuation
Type
Bullish Reversal
Preference:
The price is falling toward the pivot level at 70.27, an overlap support. A bounce from this level may rise toward the 1st resistance at 71.58, a pullback resistance.
Alternative Scenario:
If the price drops below the pivot level, it could fall toward the 1st support at 68.28, an overlap support level.
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Desmond Leong runs an award-winning research firm (The Technical Analyst finalists 2018/19/20 for Best FX and Equity Research) advising banks, brokers and hedge funds. Backed by a team of CFA, CMT, CFTe accredited traders, he takes on the market daily using a combination of technical and fundamental analysis.