USOIL ( BREAKOUT DESCINDIN CHANNEL ) (4H)
Updated
USOIL
TARGET LEVEL :
- Tendency, the price is under down ward pressure , until trade below 74.22 .
- Upward zone : In order to see an increase, the price needs to breaking the turning level at 74.22 , to reach resistance levels (1) around 77.06 , then breaking resistance level (1) it indicates to reach of a resistance level (2) at 78.89 .
- Downward zone: Provided until the prices trade below the turning level, it indicates a reach of the support level (1) at 71.55 , then breaking this level with a 4h or 1h open candle below is likely to reach the support level (2) at 69.30 , the breaking this level reach a next level at 67.93
- Corrective level :Price may make a correction at 74.22, before dropping .
TARGET LEVEL :
- RESISTANCE LEVEL : 77.06 , 78.89.
- SUPPORT LEVEL : 71.55 , 69.30 , 67.93 .
Trade active
sell under 74.22
tp 71.55
tp 69.30
tp 67.93
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