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How To Make Money Today: WTI CRUDE OIL Daily Market Analysis and Forex Trading Signals 21 April 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 have a bullish bias that price will rise to our 1st resistance of 114.40 in line with the horizontal overlap resistance from our 1st support of 104.56 in line with the 61.8% Fibonacci retracement. Alternatively, price may break 1st support and head for 2nd support at 97.75 in line with the 61.8% Fibonacci retracement, -27.2% Fibonacci expansion, 161.8% Fibonacci extension and horizontal swing low support. 

Areas of consideration:

  • H4 time frame, 1st resistance of 114.40
  • H4 time frame, 1st support of 104.56
  • H4 time frame, 2nd support of 97.75

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