Hello everyone here is my Todays US OIL Market Analysis Please check and share your opinions in the comments section thanks
today on Monday 27th January 2025 US OIL Currently trading at (74.50)with a key pivot point (76.10).I am supporting the (Sell Side) today as the price remains below key levels.
The markets next movement depends on its behavior around this critical level.
Bearish Scenario: If US OIL remains below the pivot point (76.10) it will bring US OIL towards the following targets:
Target 1: 73.00
Target 2: 71.00
Target 3: 69.00
Support: 68.00
Bullish Scenario: If US OIL breaks the pivot point (76.10) and close a 4H candle above it, this could open the path for further upside movement potentially
Resistance: Supply zone: 77.00/ 78.00
Long term Resistance: 79.00/ 80.00
Key Levels:
Pivot Point: 76.00
Target 1: 73.00
Target 2: 71.00
Target 3: 69.00
Support: 68.00
Resistance: 75.00
Supply zone: 76.00
Long term Resistance 79.00/80.00
Trend Outlook
Bearish Trend: Below 75.00 and 76.00
Bullish Trend: Above 76.00/77.00
a confirmed close in a 4H candle
If you like my analysis dont forget to like follow. and comment Thanks
today on Monday 27th January 2025 US OIL Currently trading at (74.50)with a key pivot point (76.10).I am supporting the (Sell Side) today as the price remains below key levels.
The markets next movement depends on its behavior around this critical level.
Bearish Scenario: If US OIL remains below the pivot point (76.10) it will bring US OIL towards the following targets:
Target 1: 73.00
Target 2: 71.00
Target 3: 69.00
Support: 68.00
Bullish Scenario: If US OIL breaks the pivot point (76.10) and close a 4H candle above it, this could open the path for further upside movement potentially
Resistance: Supply zone: 77.00/ 78.00
Long term Resistance: 79.00/ 80.00
Key Levels:
Pivot Point: 76.00
Target 1: 73.00
Target 2: 71.00
Target 3: 69.00
Support: 68.00
Resistance: 75.00
Supply zone: 76.00
Long term Resistance 79.00/80.00
Trend Outlook
Bearish Trend: Below 75.00 and 76.00
Bullish Trend: Above 76.00/77.00
a confirmed close in a 4H candle
If you like my analysis dont forget to like follow. and comment Thanks
Trade active
USOIL FALL DOWN TREND RUNNING IN 230 PIPS 74.50 FROM 72.20TARGET 1ST ACHIVED AND WAIT FOR NOW NEXT TARGETS
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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.
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.