Yesterday I predicted that if oil does not fall below the range of 85-85.3, it will definitely rise.
Today's highest rise to around 89.8 was suppressed. Now oil is still on the upward trend. Observe the support of VWAP86.9. As long as it does not fall below this support, oil may still rise.
If it falls below 86.9, then we need to observe the next support 85.3-85.7
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85.3-85.7Note
Wait for the trend to be obvious, don't trade now, if 85.3 cannot be effectively supported, then the possibility of a decline increasesNote
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85.3-85.7Get support
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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.