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How To Make Money Today: WTI CRUDE OIL Daily Market Analysis and Forex Trading Signals, 7 June 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 from our 1st support at 117.86 where the horizontal pullback support is to our 1st resistance at 122.46 in line with the  61.8% fibonacci projection and 127.2% Fibonacci extension. Alternatively, price may break structure and head for 2nd support at 114.30. 

Areas of consideration:

  • H4 time frame, 1st resistance of 122.46
  • H4 time frame, 1st support of 117.86

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