Bruce_WTI_Forecast

20-Day as Key Overhead Barrier The acceleration in the short-term bear trend kicked in following last week’s confirmation…

Pattern Validity The bull flag setup remains intact as long as $58.24 holds. Even a brief dip below…

Thursday’s Narrow Continuation Downward pressure persisted Thursday, yet sellers managed only a modest new low of $58.24 within…

First Pullback Context The recent decline marked the initial correction following the explosive two-day rally off the $56.41…

Support Cluster A critical support zone sits immediately below current levels, defined by the 61.8% Fibonacci retracement at…

Support Failures and Extension Risks The recent 88.6% Fibonacci retracement at $58.39 crumbled today, alongside the lower boundary…

Momentum Shifts Toward Deeper Declines Today’s action carved out another lower swing high, signaling potential acceleration in bearish…

Triple Breakout Raises Prospects Tuesday’s advance triggered a triple breakout: crude rose above the 20-Day moving average, cleared…

Fibonacci Support and Breakout Signal Yesterday’s decline completed a 61.8% Fibonacci retracement of the recent upswing, helping stabilize…

Key Support and Moving Averages Support on Tuesday appeared near the 10-Day moving average, now at $63.79. This…

Support and Downside Targets The recent swing low of $62.19, recorded last Wednesday, marks critical near-term support. A…

Resistance from Prior Price Zones and Key Averages The short-term path higher is challenged by a resistance band…