How To Make Money Today: WTI CRUDE OIL Daily Market Analysis and Forex Trading Signals 10 March 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 timeframe, price is near 1st support level of 105.18 in line with horizontal overlap support and 78.6% Fibonacci retracement. Price can potentially rise to the 1st resistance level of 130.69 in line with the swing high resistance and 78.6% Fibonacci retracement. Alternatively, price may break 1st support and head for 2nd support at 96.34 where the swing low support. Our bullish bias is supported by how price is moving above the ichimoku cloud.

Areas of consideration:

H4 time frame, 1st resistance of 130.69
H4 time frame, 1st support of 105.18

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