USOIL ( UNDER BEARISH PRESSURE ) ( 4H )
Updated
USOIL
HELLO TRADERS
TARGET LEVEL :
HELLO TRADERS
- Tendency after the price breakout , indicates the price is under bearish pressure
- TURNING LEVEL : there is a purple line around 82.84 , indicates if the price trade below this level reach a support level , but if the breaking turning level reach a resistance level
- RESISTANCE LEVEL: there is a green line around 85.25 , indicates selling have already increase this level , when you reach this level buyer have more supply for oil
- SUPPORT LEVEL : there is a red line around 79.66 , indicates buying have already increase this level , when you reach this level selling have more demand for oil
- PRICE MOVEMNET : the price stabilizing below turning level around 82.84, in my opinion until the price trade below turning level ,indicates selling have more demand for oil , so reach a support level at 79.66, then breaking this level reach a next target at 77.37, if the price breaking turning level , indicates buyer have more supply for oil , so reach 85.25 and 87.41
TARGET LEVEL :
- RESISTANCE LEVEL : 85.25 , 87.41
- SUPPORT LEVEL : 79.66 , 77.37
Trade active
successful to rising a turning level , know the price trade below turning level at 82.84 , it is refers to reach a support level at 79.66
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