Oil was moving in a downward price channel, from June 2022 to December 2022, after which it entered the assembly area from January 2023 until today, and it is clear that it is moving below the average 200, with confirmation of the selling area, which is between 73.5 and 74.5, and it also shows us the demand area Between 68.20 and 67, therefore, emphasis is placed on opening selling deals, taking into account the appearance of the Press Action candle, and that coincides with the decline, whether on the 4-hour or daily timeframe
Trade active
Analysis is working as per our forcast
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.
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.