Oil corrected massively due to economic uncertainty.
OIL just touched the 0.65-0.7 major support area. This level is a significant order block where accumulation progresses every time it revisits this price point.
Expect some bounce from here. The only question now if it can sustain the ascend or it will do another correction thereafter.
SPOTTED at 67.0
TAYOR.
Safeguard capital, always.
OIL just touched the 0.65-0.7 major support area. This level is a significant order block where accumulation progresses every time it revisits this price point.
Expect some bounce from here. The only question now if it can sustain the ascend or it will do another correction thereafter.
SPOTTED at 67.0
TAYOR.
Safeguard capital, always.
Trade active
Here is what we have on the DAILY CHART:Accumulation is definitely active at the current price level.
Expect a reversal to the upside soon.
Trade active
Here is another update on our daily chart. Finally we got that 'white light' signal -- a confirmation of an uptrend.
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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.