USOIL/ FLAT ZONE MOVEMENT
Updated
Oil prices fell in early trading on Thursday after the U.S. Federal Reserve signaled that it would slow the pace of interest rate cuts in 2025, potentially impacting fuel demand.
Generally, the direction is consolidation
Summary: The price has been stable for an extended period between two strong zones: the upper range at 71.57 and 70.50, and the lower range at 68.61 and 66.96. A flat movement within these zones will leave us waiting for a breakout in either direction, either upwards or downwards.
Bullish target: 71.57, 73.59
Bearish target: 67.84, 66.96
Generally, the direction is consolidation
Summary: The price has been stable for an extended period between two strong zones: the upper range at 71.57 and 70.50, and the lower range at 68.61 and 66.96. A flat movement within these zones will leave us waiting for a breakout in either direction, either upwards or downwards.
Bullish target: 71.57, 73.59
Bearish target: 67.84, 66.96
Trade active
Oil edges higher on falling US crude inventories, Fed’s 2025 outlook limits gains
Oil prices rose slightly on Thursday, supported by falling U.S. crude inventories, though gains were limited after the U.S. Federal Reserve signaled it would slow the pace of interest rate cuts in 2025, a move that could dampen economic growth, reduce fuel demand, and strengthen the dollar.
Trade closed: target reached
Will drop to touch 67.84.
about 4 Analysis per day.
With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%
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With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%
with best learning
Be Stronger With us
THANKS for your support
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