Oil support check.Three-month chart.
This is a situation on a very shaky edge.
The price has been crawling between the Kijun and Tenkan
lines for two years, the first of which works as resistance and the second as support.
A break of the ~$64.70 level could mean an exciting rally down to the ~$40 level first.
Speaking simply about the design of such an Ishimoku cloud, I would like to say.
we need to pay attention to the elongated cloud at the bottom. And now the price may
dive under it and fall into the $ 25-20 range for a while.
After that, it will start its recovery and it will again strive upwards to the level of $ 64.70.
So far, even Trump's statements have not broken the support.
But stand to drop the price out of the cloud, you will see a plunge to the depths.
