Crude Oil | WTI Forex Trading Analysis Today Forex Forecast | AUG 28, 2023 | EURUSD Analysis

Forex Trading Analysis

Hello Guys today is Friday, August 30th, 2024 I am going to analyze WTI Crude oil let us start with the top two bottoms and wave analysis inside the daily time frame the trend is up Crude oil daily time frame supports is present at 67.65 price level price action is most likely going to rise to print bullish wave zigzag corrective leg in coming trading days a decisive bearish break below 67.65 support area is going to and the uptrend in daily chart of WTI Crude oil

At 4 Hour time frame price action manages to break above the most recent swing High to me crude oil Trend looks sideways in the 4hour time frame

time frame next let us take a look at 1hour time frame the trend is up in 1hour chart intraday support is present at 71.30 price level price action is most likely going to rise up to print bullish wave three impulse leg which offers a chance to join an uptrend in oil a decisive bearish break below 71.30 support level is going to and uptrend in 1 hour chart of WTI Crude oil

More specific the green color highlighted area offers a buying opportunity which is the previous second of one lesser