Please see updated 4H chart, Oil already hit the support around 86 ready to test the key point at 90, if break there is likely 2 possible upside moment.
as we can see the oil will make range until the fed release their new hike Interest rates. we also need see the next coming geopolitical movement from Russia , China and USA. The oil embargo will also have an impact on price movements.
first possible range(4h - 1D): 80 - 110 USD second possible range (4h - 1D): 75 - 103 USD
i try to always we will keep you all updated . Please don't forget to like, comment and follow to support us, i really appreciate you support !
Goodluck
i'll help you to have a great trade.
Please using good money management. dont take any emotional trade.
Note: Dont risk more than 0.2% on trending market Dont risk more than 1% on ranging market
Wish good luck for all people.
Please help support me by Clicking like button, and if you like my ideas please follow me and support me. i Relly Appreciate it!
i'll make more and more great analysis if this chanel grows. on Gold , Oil , Nasdaq, SP500 , and some American, China, Japan, Indonesia stocks.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.