If the price breaks above $70,the price might retrace to the supply zone which around $74 For buy entry, each pullback can be bought until the supply zone after the breakout
SPOTBRENT Current Situation : Very Bearish But the price is currently at the bottom of the monthly range. We might have a rejection to the upside
With the current price action, the reversal level is at $74, if the price 4H timeframe can break above and close, the price might potentially go up until $80 which is the top of the weekly range.
USOIL Technical analysis of crude oil: From the daily chart level, the medium-term trend of crude oil remains in a wide upward channel, and the oil price gradually falls back to the lower edge of the channel. There have been many cases where one trading day swallowed up all the gains in the previous week, and the short-term forces are more dominant. The medium-term trend of crude oil maintains a range of oscillations and downwards. Pay attention to the support of the lower edge of the channel on the oil price. If it falls below, the medium-term decline will start. The short-term trend of crude oil (1H) reverses upward, and the oil price breaks through the downward trend line resistance and tests the price of 70.50 upward. The moving average system turns upward, and has not yet formed a long arrangement. The short-term objective trend direction is changing rhythm. The bullish momentum is full. From the 4H level, the objective is still downward. Since the small level obeys the large level, it is expected that the upward rebound of crude oil will continue to have limited space, and it will eventually turn downward. On the whole, crude oil will mainly rebound high and fall back to low next week. Pay attention to the resistance of 70.8-71.3 on the upper side in the short term, and pay attention to the support of 69.0-68.5 on the lower side in the short term.
There are risks in trading, so control your positions reasonably. Pay attention to the future trading center for precise signals. UKOIL
Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the "UK oil / Brent" Energy market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry and short entry. 🏆💸Book Profits, Be wealthy and safe trade.💪🏆🎉
According to the analysis, the short-term focus of gold is 2936-2940 resistance level, the watershed is 2947 The strong support below is 2906-2918 XAUUSDGOLDBTCUSDBTCUSDT.PBTCUSDXAUUSDUKOIL
Affected by the opening decline of the US stock market, btbusd accelerated its decline to the support level of 96800, and then began to rebound. So our current trading plan is to go long on btcusd
Long trading plan Buy: 97000, 96800 TP: 97700, 98000, 98300 SL: 96200
Manage your positions reasonably and don’t put yourself at risk