Oil found a strong support zone near 77.8
Oil found a strong support zone near 77.8
From the graph it is clear that the price has reacted in this area in the past as well.
On the left side of the chart, the price tested this zone 4 times and turned back up.
It's a risky trade, but there's a chance it will go up again in the short term and it's consistent with previous moves.
Resistance will be found near 79.10 and 79.70
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
From the graph it is clear that the price has reacted in this area in the past as well.
On the left side of the chart, the price tested this zone 4 times and turned back up.
It's a risky trade, but there's a chance it will go up again in the short term and it's consistent with previous moves.
Resistance will be found near 79.10 and 79.70
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Trade closed: target reached:
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