USOIL - UPTREND
Oil prices climbed by more than 1% on Monday as top importer China flagged its first move toward a loosened monetary policy since 2010 aiming to bolster economic growth, state media reported citing a Politburo meeting.
Generally, the direction is consolidation
Uptrend Side: Oil prices are showing bullish momentum, reinforcing projections of continued gains in the near term. The price is on track to reach our expected target of $68.64, with a breakout above this level likely to drive the upward wave further toward $70.50.
Downtrend Side: Conversely, a break below $67.82, especially below $66.69, would disrupt the upward momentum and prompt a shift toward a downward trend.
Tendency Keys: 68.64
Generally, the direction is consolidation
Uptrend Side: Oil prices are showing bullish momentum, reinforcing projections of continued gains in the near term. The price is on track to reach our expected target of $68.64, with a breakout above this level likely to drive the upward wave further toward $70.50.
Downtrend Side: Conversely, a break below $67.82, especially below $66.69, would disrupt the upward momentum and prompt a shift toward a downward trend.
Tendency Keys: 68.64
Trade active
As we mentioned, the price rose. Currently, the price is trying to break above 68.84
about 4 Analysis per day.
With Clear entry point and target line with stopout zone
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With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%
with best learning
Be Stronger With us
THANKS for your support
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.
about 4 Analysis per day.
With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%
with best learning
Be Stronger With us
THANKS for your support
With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%
with best learning
Be Stronger With us
THANKS for your support
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.