US CRUDE OIL 4H : Downward
Updated
US CRUDE OIL
New forecast
The price perfectly fulfills my last idea and price reached to our targets +180 pip.
The price of oil fell and reached our negative targets in the past sessions, so that the downward trend remains effective in the immediate and short term, targeting the 72.90 and 72.19 levels initially, noting that breaking this level will extend the downward wave to reach the 71.00 areas. and to confirm the bearish trend should stable under 74.46 and then our targets will be activate .
Therefore, the downward trend scenario will remain valid and effective, and the price needs to hold below 75.70 to ensure the continuation of the downward wave, as breaching this level represents a positive factor that will lead the price to attempt recovery in the immediate term.
The expected trading range for today is between support 72.19 and resistance 75.70.
Be careful because of the war between Palestine and Israel, we may witness unexpected movements .
Additionally ,Today News will affect the market .
support line : 72.90 , 71.00
resistance line : 75.70 , 78.00
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
New forecast
The price perfectly fulfills my last idea and price reached to our targets +180 pip.
The price of oil fell and reached our negative targets in the past sessions, so that the downward trend remains effective in the immediate and short term, targeting the 72.90 and 72.19 levels initially, noting that breaking this level will extend the downward wave to reach the 71.00 areas. and to confirm the bearish trend should stable under 74.46 and then our targets will be activate .
Therefore, the downward trend scenario will remain valid and effective, and the price needs to hold below 75.70 to ensure the continuation of the downward wave, as breaching this level represents a positive factor that will lead the price to attempt recovery in the immediate term.
The expected trading range for today is between support 72.19 and resistance 75.70.
Be careful because of the war between Palestine and Israel, we may witness unexpected movements .
Additionally ,Today News will affect the market .
support line : 72.90 , 71.00
resistance line : 75.70 , 78.00
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Note
US CRUDE OIL
Update
The oil price shows new negative trading after the temporary rise it witnessed, so that the bearish trend scenario remains valid for the coming period, targeting levels of 74.41 and then 72.90 as the next main stations.
Therefore, these factors encourage us to continue to favor the downward trend for the coming period, keeping in mind that breaching 75.81 will stop the expected downward wave and lead the price to attempt to build an upward wave in the immediate term.
The expected trading range for today is between support 72.19 and resistance 75.81 until stabilized .
Be careful because of the war between Palestine and Israel, we may witness unexpected movements .
Additionally ,Today News will affect the market .
support line : 74.41 , 72.90
resistance line : 75.81 , 77.93
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Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Trade closed manually
US CRUDE OIL close with profit or if you want to hold put SL at entry +55 pip
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