USOIL (H4) : The price of the Oil remains Bullish
USOIL (H4) : The price of the Oil remains Bullish
Crude oil price keeps rising to touch 82.00$ barrier, reinforcing the expectations of continuing the bullish trend within the bullish channel that appears on the chart, waiting to visit 82.60 that represents our next target, reminding you that breaching it will extend the bullish wave to reach 83.85.
Therefore, the bullish trend will remain valid and active for the upcoming period conditioned by the price stability above 80.60, as breaking it will push the price to start bearish correction on the intraday basis before turning back to rise again.
The expected trading range for today is between 81.00 support and 83.00 resistance
Trend forecast: Bullish
Crude oil price keeps rising to touch 82.00$ barrier, reinforcing the expectations of continuing the bullish trend within the bullish channel that appears on the chart, waiting to visit 82.60 that represents our next target, reminding you that breaching it will extend the bullish wave to reach 83.85.
Therefore, the bullish trend will remain valid and active for the upcoming period conditioned by the price stability above 80.60, as breaking it will push the price to start bearish correction on the intraday basis before turning back to rise again.
The expected trading range for today is between 81.00 support and 83.00 resistance
Trend forecast: Bullish
Trade active:
Its going high to reach up to the given target.
Trade active:
the price of he oil is moving up in the given direction.
Trade closed: target reached:
reached 83.07