How To Make Money Today: WTI CRUDE OIL Daily Market Analysis and Forex Trading Signals 16 February 2022
To assist you to make a good day-trading selection, we’ll cover the newest forex market analysis. Make more money today with our market analysis. You must know how to trade first and have at least a simple understanding of chart patterns. Aside from that, we’ll cover some basic tips and methods that can aid anybody curious in day trading strategies. So let’s start by looking at some charts from today…
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OIL:
On the H4, with price expected to bounce off the support of the ichimoku cloud, signifying an overall bullish momentum. We can expect price to rise to our 1st resistance at 95.83 in line horizontal graphical swing high resistance and -61.8% Fibonacci expansion and 127.2% Fibonacci extension level from our 1st support in line with horizontal overlap support and 61.8% Fibonacci retracement at 92.51. Alternatively, price may break 1st support structure and head for 2nd support, which coincides with horizontal swing low support at 90.23.
Areas of consideration:
- H4 time frame, 1st resistance of 95.83
- H4 time frame, 1st support of 92.51
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