How To Make Money Today: WTI CRUDE OIL Daily Market Analysis and Forex Trading Signals 24 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 moving above the ichimoku cloud, we can expect bullish continuation from our 1st support at 96.14 in line with 38.2% Fibonacci retracement towards our 1st resistance at 98.70 which is a strong resistance and in line with 127.2% Fibonacci extension. Alternatively, price may break 1st support structure and head for 2nd support, which coincides with the ascending trendline and 50% Fibonacci retracement at 94.38

Areas of consideration:

H4 time frame, 1st resistance of 98.70
H4 time frame, 1st support of 96.14

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