Prices are testing the strong resistance at 48.50 with yesterday spike.
Selling pressure are higher with trend in higher timeframe pointed downwards.
We might see a further drop till the previous support at $44 range indicated with blue box .
Selling pressure are higher with trend in higher timeframe pointed downwards.
We might see a further drop till the previous support at $44 range indicated with blue box .
Comment:
Prices has dipped and reached the zone of support and further analysis has been updated to support a reversal at the blue zone.
Trade closed: target reached
Trade closed: target reached:
Has hit the blue box zone(target) and bounced off it , follow our latest analysis for the USOIL.