Technical Analysis & Industry Trend ｜ $ETH, $AIXBT, $FAI, $HYPE and more  - June 17th

The next one is WTI crude oil market. This is Weekly chart.

The thick green parallel line which is at 0.5 based on Fibonacci Retracement (the price level is around at $64.81) still works very strong support line.

Because of the war in Middle East, the oil price made bull breakout against the thick green parallel line again.

FYI: higher oil price will cause higher inflation rate, vise versa.

For more detail:

Technical Analysis & Industry Trend ｜ $ETH, $AIXBT, $FAI, $HYPE and more  - June 17th

The next one is WTI crude oil market. This is Weekly chart.

The thick green parallel line which is at 0.5 based on Fibonacci Retracement (the price level is around at $64.81) still works very strong support line.

Because of the war in Middle East, the oil price made bull breakout against the thick green parallel line again.

FYI: higher oil price will cause higher inflation rate, vise versa.

For more detail:
https://orblabs.ventures/109631/