USOIL Price Continues To Decline
Updated
Generally, the direction is a downtrend
Uptrend Side: The bullish trend needs to break the 74.70 level and especially the 76.42 level by closing the 4H candle.
Downtrend Side: The oil price began today's trading with significant negativity, breaking below the 74.70 barrier and confirming the continuation of the short-term bearish trend. This move paves the way for a decline towards the recently recorded low at 71.70, with 72.88 as the next key level to be breached to get 71.70.
Tendency Keys: 72.88
Uptrend Side: The bullish trend needs to break the 74.70 level and especially the 76.42 level by closing the 4H candle.
Downtrend Side: The oil price began today's trading with significant negativity, breaking below the 74.70 barrier and confirming the continuation of the short-term bearish trend. This move paves the way for a decline towards the recently recorded low at 71.70, with 72.88 as the next key level to be breached to get 71.70.
Tendency Keys: 72.88
Trade active
after the price touches 74.70, it will start the decline toward 72.88.Trade closed: target reached
Price breached the 72.88 level and reached around the 71.70 level. However, because 71.70 is a strong level and with the blue down line, pushing the price, be aware that 71.70 and the blue line may reverse the price up. However, any break below this level will see a significant decline.
Trade closed: target reached
Currently, the price touches 71.70 again.Note
oil price trying to cross the blue trend line to touch the 69.53.
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With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%
with best learning
Be Stronger With us
THANKS for your support
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