US CRUDE OIL 4H : Try to rise up
Updated
US CRUDE OIL
New forecast
Oil price is trading positively, breaching the 74.41 level and trying to hold above it, providing signs of building an upward wave during the coming sessions and heading towards achieving gains starting at 76.77 level and extending to 78.97 level , so that the upward bias is likely for the rest of the day.
Therefore the upward scenario will be remain valid and effective during coming period supported by moving average 50 that is start to support the price to rise up , Consistency above 72.90 is important for the continuation of the expected rise, as breaking it represents a negative factor that will put pressure on the price to return to the main downward path again.
The expected trading range for today is between support 72.90 and resistance 78.97 until stabilized .
Additionally ,Today News will affect on the market .
support line : 74.41 , 72.90
resistance line : 76.77 , 78.97
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New forecast
Oil price is trading positively, breaching the 74.41 level and trying to hold above it, providing signs of building an upward wave during the coming sessions and heading towards achieving gains starting at 76.77 level and extending to 78.97 level , so that the upward bias is likely for the rest of the day.
Therefore the upward scenario will be remain valid and effective during coming period supported by moving average 50 that is start to support the price to rise up , Consistency above 72.90 is important for the continuation of the expected rise, as breaking it represents a negative factor that will put pressure on the price to return to the main downward path again.
The expected trading range for today is between support 72.90 and resistance 78.97 until stabilized .
Additionally ,Today News will affect on the market .
support line : 74.41 , 72.90
resistance line : 76.77 , 78.97
Attention : We don't have any group in telegram be careful about scammer.
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Note
US CRUDE OIL
Update
The price of oil ended yesterday's trading with noticeable negativity, testing the pivotal support 73.83, and trying to consolidate above it, to provide a positive incentive that we expect will contribute to pushing the price to resume positive trading, noting that we are waiting to visit the 75.06 levels, and by breaking it, it will reach 76.77 and then 78.00 as the next main stations.
Therefore, the upward trend scenario will remain likely in the immediate term, keeping in mind that breaking 72.90 will stop the expected rise and return the price to the downward path again.
The expected trading range for today is between support 72.90 and resistance 78.97 until stabilized .
Additionally ,Today News will affect on the market .
support line : 73.83 , 72.90
resistance line : 75.06 , 76.77
Attention : We don't have any group in telegram be careful about scammer.
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
US CRUDE OIL Update
The price perfectly fulfills my last idea and price reached to our first target + 125 pip and still running ..
If you want to hold put SL at entry and wait for second targets .
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