Prices are currently testing the upper resistance at $63.00 📈. These levels are suppressing the price 🔻. A decisive breakthrough above this level may trigger a more intense upward rally 🔥. Meanwhile, recent selling pressure has pushed the price down to $60.60 📉. Watch the pivot support at $60.00, the real downward target 🎯
Crude oil surplus expanded in April, and imports increased, reaching multi - month highs from some countries 🌍. If global benchmark oil prices rise in the future, purchases may be reduced 📉.
Crude oil fell first and then rose today 📊. After a deep dive to $60.9, it stabilized and started to rise 🔼. After the previous price increase and adjustment, it remains to be seen if the upward momentum will continue and break through upwards 🔍.
Overall, on the delivery day, oil prices are volatile 🔼🔽. Watch the resistance at $63.0 on the upside and the support at $60.60 - $60.0 on the downside 👀.
⚡️⚡️⚡️ USOil ⚡️⚡️⚡️
🚀 Sell@ 62.50 - 62.30
🚀 TP 61.50 - 60.60
Accurate signals are updated every day 📈 If you encounter any problems during trading, these signals can serve as your reliable guide 🧭 Feel free to refer to them! I sincerely hope they'll be of great help to you 🌟 👇
Crude oil surplus expanded in April, and imports increased, reaching multi - month highs from some countries 🌍. If global benchmark oil prices rise in the future, purchases may be reduced 📉.
Crude oil fell first and then rose today 📊. After a deep dive to $60.9, it stabilized and started to rise 🔼. After the previous price increase and adjustment, it remains to be seen if the upward momentum will continue and break through upwards 🔍.
Overall, on the delivery day, oil prices are volatile 🔼🔽. Watch the resistance at $63.0 on the upside and the support at $60.60 - $60.0 on the downside 👀.
⚡️⚡️⚡️ USOil ⚡️⚡️⚡️
🚀 Sell@ 62.50 - 62.30
🚀 TP 61.50 - 60.60
Accurate signals are updated every day 📈 If you encounter any problems during trading, these signals can serve as your reliable guide 🧭 Feel free to refer to them! I sincerely hope they'll be of great help to you 🌟 👇
Trade active
The market is still in range-bound fluctuations, and the strategy remains valid
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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.