WTI crude support seen near $90.65; break could drag
U.S. oil NYMEX WTI may test support at $90.65 per barrel. A break below could trigger a move toward the $89.27–$89.70 range, with a $89 level cited as a wave target.
U.S. oil NYMEX:CL1! may test a support at $90.65 per barrel, a break below which could cause a fall to $89.27-$89.70 range.A five-wave cycle from $82.25 seems to have completed around a resistance at $92.89.
The bottom of the wave 4 around $89 serves as a target.The cycle is a part of an uptrend fr…