CFDs on WTI Crude Oil
Long
Updated

OIL 20/5/2024 Analysis

126
Due to serious geopolitical scenario happening in the middle east usoil has a potential tendency to go long.
the Israel strike over Rafa and death of iranian president has created a serious tension in the middle east zone which can be affecting the price of black gold the oil.

Bullish targets: 79.60
79.80
80.10

bearish targets : 79.00
78.80

supports: 79.23
78.57
78.21

pivot 78.85

resistance 79:85
80.25

until and unless the pivot is not broken oil will continue buy.


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Trade active
order block with selling pressure is in 79.90- 80.00 area.
Trade closed: target reached
hit all bullish targets ✔️✔️✔️✔️✔️✔️
Trade closed: target reached
hit all bearish targets✔️✔️✔️✔️✔️✔️✔️

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