US OIL 1D // 02 July 2024 Analysis
We can see a beautiful downtrend for USOIL on the daily timeframe.
The price is currently at our area of support/resistance which is marked around the 84.00 area.
For possible sells would like to see a good rejection from the marked area. A good target would be the previous swing low around the 73.00 price area.
The price is currently at our area of support/resistance which is marked around the 84.00 area.
For possible sells would like to see a good rejection from the marked area. A good target would be the previous swing low around the 73.00 price area.
Trade active
We saw a bearish candle close on the daily timeframe. Switching to the 4HR timeframe, we can see a good rejection from the trendline and the marked area around the 84.00 level.Trade active
We can see that the price went up again to the trendline and has rejected it again, I am still in my original position, lets see how this works out.
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