LeoPrime Daily Market Analysis

We are a forex and commodities intermediary that accommodates
wide-ranging trading services to create the most user-friendly trading environment..

WTI reversed from 35.000 resistance area; Likely to fall to 27.500

WTI recently reversed down from the resistance area lying between the key resistance level 35.000 and the 38.2% Fibonacci correction of the previous sharp impulse wave from the start of March. The downward reversal from this resistance area continues the active medium-term impulse sequence (3) from the start of January. Given the strength of the active impulse wave (3) and the daily Momentum recently reaching new multi-month losses – WTI is likely to fall further toward the next support level 27.500 (which stopped the previous sharp impulse wave 3).

Company Info

We are a forex and commodities intermediary that accommodates wide-ranging trading services to create the most user-friendly trading environment for both retail and institutional clientele. With years of gathered expertise as experience, we are not just invested in keeping up with the latest but also in generating custom solutions that are executable swiftly. Discover and flourish in our business model that has evolved to meet the skills of ace and naïve of a tyro with equal proficiency. If you’re looking to make the choice, then wait no further.