USOIL/CRUDE OIL FORCAST
} We will talk about Usoil here in simple and low words.
Here We two types time drewing , but same side.
* We don’t think crude oil prices will rise further, but if the DRA breaks down, there will probably be a touch of 85+ prices. We are only focusing on the sales side here, so we will only talk about sales here.
Now Check below 4 hour chart with trade-line strategy -
As you can see in the hourly chart above, if the 73 level is broken, the price of Us Oil will come down to around 60 (but first wait for the retesting after the break-out).
IMP:- Rember if broke there Support area , then usoil price fall down to around 60(hour) & 50 (weekly).
Disclaimer
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.