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WTI Oil Price Consolidates Above Key $43.00 Support Zone

Discussion in 'Technical Analysis' started by Kaitlin, Sep 15, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    Oil price pauses ahead of key short-term supports at $43.10/$42.99 which was approached on Tue/Wed strong bearish acceleration that was shaped in two long red daily candles. Four-day pullback from $47.72 (08 Sep high and recovery rejection) was so far contained at $43.30, above which the price is expected to[​IMG]

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