USOIL| WILL REVERSE TO UP
The price is currently trading within the critical zone of 71.57 – 70.51, a historically strong area of resistance and support, making it challenging to break decisively. Given this, we anticipate a potential bullish movement once the price stabilizes above 71.57. A confirmed 1-hour candle closure above this level is expected to act as a catalyst, driving the price towards 73.59, and if momentum continues, further toward 57.11.
On the other hand, if the price fails to hold above 71.57 – 70.51, the bearish trend will likely resume, pushing the price downward toward 67.80.
Tendency Keys: 71.57.
Resistance Line: 71.57, 73.59, 57.11.
Support Line: 70.51, 68.51, 67.80.
On the other hand, if the price fails to hold above 71.57 – 70.51, the bearish trend will likely resume, pushing the price downward toward 67.80.
Tendency Keys: 71.57.
Resistance Line: 71.57, 73.59, 57.11.
Support Line: 70.51, 68.51, 67.80.
Trade active
As previously mentioned, the price reached 70.51 before reversing and breaking 71.57. We are now awaiting a confirmed breakout and stabilization above this level to support further upward movement.
about 4 Analysis per day.
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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
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.
about 4 Analysis per day.
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
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
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.