US CRUDE OIL
New forecast
The price perfectly fulfills my last idea and we got a profit about + 55 pip .
The price of oil rose and is trying to reach the resistance at 78.00 - 78.83. We notice that the moving average 50 begins to support the price to the top, but the price may face strong resistance. as we mentioned ,
Therefore ,we have to wait until know the direction clearly so if price can stable above 78.83 then the price will try to rise up and reach to 80.56 and 82.00 levels , on the other hand , if price failure to stabilized above the 78.83 level and stabilized under 78.00 then it will force the price to drop again and visit the broken previous areas .
The expected trading range for today is between support 76.87 and resistance 78.83 until stabilized .
Be careful because of the war between Palestine and Israel, we may witness unexpected movements .
Additionally ,Today News will affect the market .
support line : 75.81 , 74.41
resistance line : 78.00 , 78.83
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