USOIL - Trading Toward 78.63
Updated
Oil prices surged to a one-week high on Friday, driven by positive inflation data from China and growing global supply concerns amid recent escalations in geopolitical tensions.
Generally, the Direction: is a bearish trend
Uptrend Side: As we mentioned in our previous idea, the price rose and reached our target. Currently, the price is trading above the support of 76.06 and trying to stabilize above it. A break under it will fall to touch 76.16, and below this level, it will touch 74.72.
Downtrend Side: reversing and reaching under 76.06, it looks like it will drop to touch the 73.93 level; any breaking under this level will result in a drop to 71.77.
Tendency Keys: 76.06
Generally, the Direction: is a bearish trend
Uptrend Side: As we mentioned in our previous idea, the price rose and reached our target. Currently, the price is trading above the support of 76.06 and trying to stabilize above it. A break under it will fall to touch 76.16, and below this level, it will touch 74.72.
Downtrend Side: reversing and reaching under 76.06, it looks like it will drop to touch the 73.93 level; any breaking under this level will result in a drop to 71.77.
Tendency Keys: 76.06
Trade closed: target reached
Still active toward 78.63
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.