As I expected, the $70 level was again excellent for oil, rising nearly 2%.
I think it's time for the oil price to make a comeback Because it has reacted well to the $70 level again Keep an eye on it
With a downtrend line break, the chart could have a price rally and a price reversal. Keep an eye on the chart.
As long as the ascending trendline is maintained, it can move towards the ceiling again. Maintaining the trendline is important for the ascent.
Keep an eye on the trend line. If it breaks, a buy confirmation will be issued.
Yesterday I told you that if the downtrend line is broken, it could have a good rally, and it has gained more than 100 pips since yesterday.
Yesterday I told you that the trend line was broken and it could fall. Since I said it was down 250 pips, it's over a 3% drop.
Yesterday I told you that gold could have gone up by hitting the trend line and it went right to its ceiling and gave its buyer a 350 pip profit
I think it can go up again by holding the uptrend line. If the trend line is broken, the bullish analysis will be invalidated.
I think oil will correct today with the break of the trend line.
In the morning oil analysis, I said the rise could continue, and since this morning, oil prices have risen by more than one percent.
I told you this morning that gold could correct, and here it is: a drop of nearly 400 pips on gold.
Short-term trend line broken🔽 There is a possibility of correction according to the scenario🙂 I have a personal review for the said scenario
If static resistance is broken, the upward movement continues for oil.
According to my previous analysis on ANA, I said that it was forming a bullish corner and that after breaking the trend line, a correction of nearly 500 pips occurred in ANA. I will give you a new update.
The downtrend line in oil needs to be broken for it to rise as I expect.
Oil fell exactly as I expected and then made a nice comeback nearly 4% rise in oil as per previous analysis
In my previous analysis, I told you that oil was on the rise, and this is the result: a 5% increase in oil.