You find below my analysis for OIL , which is near the buy zone. I expect the price to rise. According to my set of rules, in the H4 frame the price of OIL will rise to 72 . Our Weekly Goal is 73.3. So we are looking for a pullback to repeat what we have marked up and executed over the last few days, demand is still there. Simply looking to buy the dips effectively, the still here since April 2020.
Currently, OIL is moving towards the support level of 69.5 where there is some liquidity, from this value we are looking for short-term buying opportunities of OIL.
Good Luck and enjoy your Market for today.
SL : @69
As mentioned on previous posting, we oscillate daily with the market based on Human Behavior and Sentiment.
Feel free to share your thoughts and opinions in the comment section below, I will be glad to discuss my friends!