hello everyone, my last analysis came true (for short position).. price is becoming bullish in the weekly timeframe as of now, however there will be more manipulation next week with the major news (NFT and FOMC meeting)... price is trading above the support level, candle closing above the support level would indicate a possible swing trade. However monthly candle...
hello everyone, the USoil has become bullish with usd being weak (dxy trading below 100)... the price can reach the main resistance 84 and it's the strongest resistance (highlighted in red), it can either pull back or break it to next resistance level of 92. But lets see in the following weeks, dxy ended up strong end of last week.. look for a break out before...
hello everyone... this is the next analysis after the completion of the short position for usoil/wti... today USOIL pulled back from a strong support level of 64 ish area... price will test the main resistance area of 72.. which will be the 1st target to take profit $$$ breaking 72 and price staying bullish, we will likely see a new high level around 92...
Today we look at oil approaching restance and potention support levels