hello dear treaders any news from oil ? ok.. let me read the chart oil. first of all lets take look at the oil chart We see that oil is rising sharply Now at what price can this price increase continue? No one knows But the traces of investors can be understood from the chart. Of course, one of the factors that has oil rising in this way is the tension between Russia and Ukraine.
In the oil chart, I see resistance from $ 100 to $ 105 even higher, but it is also possible that all of this will be broken because of the Russia-Ukraine war.
But if nothing happens and there is no war, the high resistances that you see in the chart can be activated and the price will fall.
If the price falls, it falls well because there is no demand area to keep the price because they are all consumed.
At the moment, in this political crisis, I can neither signal buying nor selling, I just have to combine all of these so that I can give you the right analysis.
Good luck.
In the oil chart, I see resistance from $ 100 to $ 105 even higher, but it is also possible that all of this will be broken because of the Russia-Ukraine war.
But if nothing happens and there is no war, the high resistances that you see in the chart can be activated and the price will fall.
If the price falls, it falls well because there is no demand area to keep the price because they are all consumed.
At the moment, in this political crisis, I can neither signal buying nor selling, I just have to combine all of these so that I can give you the right analysis.
Good luck.