#USOIL - Nearing Target - #oil #usd
#USOIL - Nearing Target - #oil #usd
As we continue to follow this chart, we thought it worthy to comment on a few structural points here, namely the overcoming of major support areas that were established in the 34.50 to 35.00 range.
At this point, any rallying should take into consideration the probable capping of such adverse excursion against that range (support-turned resistance concept).
David Alcindor
4xQuad
As we continue to follow this chart, we thought it worthy to comment on a few structural points here, namely the overcoming of major support areas that were established in the 34.50 to 35.00 range.
At this point, any rallying should take into consideration the probable capping of such adverse excursion against that range (support-turned resistance concept).
David Alcindor
4xQuad
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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.