Jul 24, 08:18 PM

Technical Analysis: AUDUSD at Support, WTI Crude Oil Closes at $77.59, $4.46 Below Bollinger Limit

Technical analysis of the Australian dollar (AUDUSD) and crude oil markets indicates critical support zones. The AUDUSD is currently at a key support level, while crude oil is also facing significant support. Analysts note that West Texas Intermediate (WTI) crude oil closed at $77.59, which is $4.46 below the lower Bollinger limit, suggesting it is not oversold compared to earlier in June. A trader highlighted that WTI could see further declines if it breaks below $77, potentially reaching $76.40 and $75.70. Conversely, a rise above $78.15 could lead to prices of $78.40, $79.50, and beyond. Additionally, Brent crude has shown the most bearish put skews since early June, indicating a negative sentiment in the market.

#Australian #West Texas Intermediate #WTI #Bollinger #Brent

Written with ChatGPT (GPT-4o mini).

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Technical Analysis: AUDUSD at Support, WTI Crude Oil Closes at $77.59, $4.46 Below Bollinger Limit

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