USOIL Weekly Forecast
Updated
Us oil is currently at a major level of support around price 52.93. I also notice that it has touched this level 3 times so I’m expecting price to at least retest the trend line on h4 Time frame. If it breaks the trend line then retests as an area of new support I will open a long position until the next major resistance area which is around 60.69.
If price breaks support then I’ll open a short position after confirmation to the next major level of support around 43.56.
If price breaks support then I’ll open a short position after confirmation to the next major level of support around 43.56.
Note
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