US CRUDE OIL 4H : Support further rise up
US CRUDE OIL
New forecast
The price perfectly fulfills my last idea and price reached to our targets +120 pip .
Oil price trading settled above the level of 73.72, heading towards resuming the ascending wave within the ascending channel shown in the chart, where it touched the first positive target at 75.06, and we expect the ascending wave to extend towards 76.23 as the next stop.
Therefore, we expect to witness further rise in the coming sessions with support from the 50 moving average that carries the price from below, keeping in mind that the continuation of the bullish wave requires stability above 72.90 levels.
The expected trading range for today is between support 72.90 and resistance 78.00 until stabilized .
support line : 73.72 , 72.90
resistance line : 75.06 , 76.23
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New forecast
The price perfectly fulfills my last idea and price reached to our targets +120 pip .
Oil price trading settled above the level of 73.72, heading towards resuming the ascending wave within the ascending channel shown in the chart, where it touched the first positive target at 75.06, and we expect the ascending wave to extend towards 76.23 as the next stop.
Therefore, we expect to witness further rise in the coming sessions with support from the 50 moving average that carries the price from below, keeping in mind that the continuation of the bullish wave requires stability above 72.90 levels.
The expected trading range for today is between support 72.90 and resistance 78.00 until stabilized .
support line : 73.72 , 72.90
resistance line : 75.06 , 76.23
Attention : We don't have any group in telegram be careful about scammer.
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Trade closed: target reached:
US OIL
Update
The price perfectly fulfills my last idea and price reached to our targets.
The price of oil was unable to overcome the resistance level of 78.97, to bounce back and head towards an expected visit to the channel’s support level around 76.23, so that the bearish trend is expected for today, noting that breaking 76.23 will add more confirmation of the continued dominance of the bearish tendency during the coming sessions and reaching To the level of 75.06 and 73.72.
Therefore the negative correction will be more likely during coming period , On the other hand, it should be noted that breaching 78.00 will stop the current negative pressure and lead the price to resume the main upward trend again.
The expected trading range for today is between support 75.06 and resistance 78.00 until stabilized .
Additionally ,Today News will affect on the market .
support line : 76.23 , 75.06
resistance line : 78.00 , 78.97
Attention : We don't have any group in telegram be careful about scammer.
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
US OIL
Update
The price perfectly fulfills my last idea and price reached to our targets.
The price of oil was unable to overcome the resistance level of 78.97, to bounce back and head towards an expected visit to the channel’s support level around 76.23, so that the bearish trend is expected for today, noting that breaking 76.23 will add more confirmation of the continued dominance of the bearish tendency during the coming sessions and reaching To the level of 75.06 and 73.72.
Therefore the negative correction will be more likely during coming period , On the other hand, it should be noted that breaching 78.00 will stop the current negative pressure and lead the price to resume the main upward trend again.
The expected trading range for today is between support 75.06 and resistance 78.00 until stabilized .
Additionally ,Today News will affect on the market .
support line : 76.23 , 75.06
resistance line : 78.00 , 78.97
Attention : We don't have any group in telegram be careful about scammer.
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Trade closed: target reached:
US CRUDE OIL
Update
The price perfectly fulfills my last idea and price reached to our targets +300 pip.
Oil price succeeded in covering the level of 72.19, waiting for a negative incentive that would help push the price to resume the downward wave to head towards our next target, which reaches 70.82, where we expect the bearish tendency to continue during the coming sessions, noting that breaking the last level will push the price towards the 69.15 barrier as a negative station. deification.
Therefore, the downward trend will remain likely in the immediate term, keeping in mind that breaching 72.89 will stop the negative scenario and lead the price to attempt to restore the main upward trend again.
The expected trading range for today is between support 69.15 and resistance 72.90 until stabilized .
Additionally ,Today News will affect on the market .
support line : 70.82 , 69.15
resistance line : 72.19 , 72.90
Attention : We don't have any group in telegram be careful about scammer.
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
US CRUDE OIL
Update
The price perfectly fulfills my last idea and price reached to our targets +300 pip.
Oil price succeeded in covering the level of 72.19, waiting for a negative incentive that would help push the price to resume the downward wave to head towards our next target, which reaches 70.82, where we expect the bearish tendency to continue during the coming sessions, noting that breaking the last level will push the price towards the 69.15 barrier as a negative station. deification.
Therefore, the downward trend will remain likely in the immediate term, keeping in mind that breaching 72.89 will stop the negative scenario and lead the price to attempt to restore the main upward trend again.
The expected trading range for today is between support 69.15 and resistance 72.90 until stabilized .
Additionally ,Today News will affect on the market .
support line : 70.82 , 69.15
resistance line : 72.19 , 72.90
Attention : We don't have any group in telegram be careful about scammer.
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
