USOIL ( BREAKOUT DEMAND ZONE ) (4H)

Updated
USOIL

  • HELLO TRADERS

  • Tendency , the price is under bearish pressure , after breakout demand zone .

  • TURNING LEVEL : the price of turning level around 76.96 , until the price trading below this level reach a support level (1) , but if the price breaking this level reach resistance level (1) .

  • RESISTANCE LEVEL (1) : this level around 80.49 , for reach this resistance the price it will be breaking turning level .

  • RESISTANCE LEVEL (2) : around 82.83 , for reach this level it will be breaking by open 4h or 1h candle above resistance level (1)

  • SUPPORT LEVEL (1) : as long the price trading below turning level reach this level around 75.05.

  • SUPPORT LEVEL (2) : this level around 72.46, for reach this level the price will be breaking by open 1h or 4h candle below support level (1) .

  • CORRECTIVE : the price may be corrective turning level at 76.96 , before drooping .

TARGET LEVEL :
  • RESISTANCE LEVEL : 80.49 , 82.83 .
  • SUPPORT LEVEL : 75.05 ,72.46 .
Trade active
snapshot
Trade active
snapshot
yesterday dropping +175 , still the price is under bearish pressure after breakout the channel .
Trade active
the price trying to reach a turning level , have two scenario
first : if the price trading below 76.96 , refers likely to reach support level (1).
second: breaking and stable above 79.96 , easily to reach a resistance level (1).
Chart PatternsHarmonic PatternsoiltradingsignalssupportandresistancezonesTrend AnalysistrendlineanalysistrendtradingCrude Oil WTIusoilanalysisusoiloutlook

Disclaimer