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CFDs on WTI Crude Oil
Short

USOIL ( BREAKOUT CHANNEL ) ( 4H )

By ArinaKarayi
Updated
USOIL

HELLO TRADERS

  • TENDENCY : the price stabilizing below turning level , indicates is under bearish pressure

  • TURNING LEVEL : the price around 81.71 .

  • PRICE MOVEMENT : the price in previously rising an reach a target , but dropping significantly because of the attack on trump .

  • PRICE ACTION :

  1. SHORT CONDTION : after the price breaking a channel , price stable bearish zone , currently price 81.14 , price trying to retest before dropping a support level at 80.50 , then breaking this level reach 79.25 .

  2. LONG CONDITION : if the price breaking 81.71 by open 4h candle above this level reach a resistance level at 83.57 , then stabilizing above this level reach a 84.97 .

TARGET LEVEL :
  • RESISTANCE LEVEL :83.57 , 84.97
  • SUPPORT LEVEL 80.50 , 79.25
Trade active
reach first target
Chart PatternsHarmonic PatternsTrend AnalysisCrude Oil WTIusoilanalysisusoilforecastusoilspot
ArinaKarayi

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