US Crude OIL (confirms the breakout)
Updated
US Crude OIL
OUTLOOK
Crude oil price moved upwards strongly yesterday, to confirm the breach of 80.68 level, as it ended yesterday’s trading above it, and starts the day with more bullish bias to approach the 82.32 barrier, confirming the continuation of the bullish trend’s control and heading to resume the main bullish path again, on its way to achieving additional gains that reach to areas of 83.53.
Therefore, an upward trend will be expected during the coming sessions, keeping in mind that breaking 80.68 will stop the positive scenario and put the price under corrective downward pressure again.
The expected trading range for today is between the support 80.68 and the resistance 82.32
Additionally , Today news will affect the market
support line: 80.68 , 79.60
resistance line : 82.32 , 83.53
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
OUTLOOK
Crude oil price moved upwards strongly yesterday, to confirm the breach of 80.68 level, as it ended yesterday’s trading above it, and starts the day with more bullish bias to approach the 82.32 barrier, confirming the continuation of the bullish trend’s control and heading to resume the main bullish path again, on its way to achieving additional gains that reach to areas of 83.53.
Therefore, an upward trend will be expected during the coming sessions, keeping in mind that breaking 80.68 will stop the positive scenario and put the price under corrective downward pressure again.
The expected trading range for today is between the support 80.68 and the resistance 82.32
Additionally , Today news will affect the market
support line: 80.68 , 79.60
resistance line : 82.32 , 83.53
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: target reached
as we expected yesterday the price reached to our target 82.30and on its way to achieving additional gains that reach to areas of 83.53.
reminder you the consolidation under 82.30 the chance of retest will increase so its possible to retest again to 81.92 and then continue at the bullish tendency
Trade closed: target reached
USOILUPDATE
as we mentioned from the previous idea the the price will reach to 83.53 and price reached to our target
now , I think the price will be continue at the bullish trend to reach 84.81 and then will start to correction to 83.53 again
today news will affect the market
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