US CRUDE OIL 4H : Try to rise up
US CRUDE OIL
New forecast
The oil price is facing temporary negative pressure to test the pivotal support level of 72.90, and the 50 moving average meets this level to add more strength to it. These factors encourage us to expect the resumption of the upward trend during the coming sessions, heading towards the 75.06 areas and extending to 76.77 and 78.00, which represent our next main goals
Therefore the upward scenario will be remain valid and effective during coming period ,Keeping in mind that breaking 72.19 will stop the expected rise and put pressure on the price to decline again.
The expected trading range for today is between support 72.19 and resistance 78.00 until stabilized .
Additionally ,Today News will affect on the market .
support line : 72.90 , 72.19
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 ❤️
New forecast
The oil price is facing temporary negative pressure to test the pivotal support level of 72.90, and the 50 moving average meets this level to add more strength to it. These factors encourage us to expect the resumption of the upward trend during the coming sessions, heading towards the 75.06 areas and extending to 76.77 and 78.00, which represent our next main goals
Therefore the upward scenario will be remain valid and effective during coming period ,Keeping in mind that breaking 72.19 will stop the expected rise and put pressure on the price to decline again.
The expected trading range for today is between support 72.19 and resistance 78.00 until stabilized .
Additionally ,Today News will affect on the market .
support line : 72.90 , 72.19
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 ❤️
Related publications
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.