US Crude Oil 4H :Try to reach 92.48
Updated
USOIL
OUTLOOK
The price of oil opened today's trading with additional positivity, surpassing the 91.14 level and settling above it, confirming the cessation of the bearish corrective scenario and heading towards achieving expected gains during the coming sessions, targeting visiting the 92.48 level as a first major station.
Therefore, an upward bias will be expected for today, and breaching the target level will extend the upward wave to reach the 94.00 areas, while breaking 90.75 will stop the expected rise and put the price under negative pressure again.
Additionally ,Today News will affect the market .
support line : 90.75 , 89.35
resistance line : 92.48 , 94.02
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
OUTLOOK
The price of oil opened today's trading with additional positivity, surpassing the 91.14 level and settling above it, confirming the cessation of the bearish corrective scenario and heading towards achieving expected gains during the coming sessions, targeting visiting the 92.48 level as a first major station.
Therefore, an upward bias will be expected for today, and breaching the target level will extend the upward wave to reach the 94.00 areas, while breaking 90.75 will stop the expected rise and put the price under negative pressure again.
Additionally ,Today News will affect the market .
support line : 90.75 , 89.35
resistance line : 92.48 , 94.02
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Trade closed: target reached
USOILUPDATE
The price perfectly fulfills my last idea and price reached to our target +100 pip
so now should stable above 92.48 to be continue at the bullish trend and reach the second target .otherwise if price back off and stable under 92.48 then price will try to retest to 91.14 and then rise up again .
Related publications
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.