Tuesday, 24 August 2021
23:30 PM (WIB)
Technical Analysis
From $61.72 until now, Crude Oil breaks up the downtrend resistance lines at $65. It leave two red candles that would be support when price start the downtrend at current daily resistance. The bulls run is very strong for two days, and it seems will be forming Three White Soldiers in daily trading session.
Somehow, the price should meet the resistance and start to move downside again, that strongly possible start at current daily resistance between $69.42 to $70.58.
Even in Bears side is on the move to $57 to $55, but I doubt the price will hit those prices at the moment. So, when Bears start the downtrend it should pass the daily strong support first, before the price drop into the base ground support again. At this movement, I expecting the chart creates strong an Inverse structure, and this structure will lead the price to move upside from base ground support, or from daily support. So, currently Crude Oil is on stabilizing the price movement from support to resistance.
Keep watch and keep notes.
Best regards,
RyodaBrainless
“Live to Ride and Ride to Live”
23:30 PM (WIB)
Technical Analysis
From $61.72 until now, Crude Oil breaks up the downtrend resistance lines at $65. It leave two red candles that would be support when price start the downtrend at current daily resistance. The bulls run is very strong for two days, and it seems will be forming Three White Soldiers in daily trading session.
Somehow, the price should meet the resistance and start to move downside again, that strongly possible start at current daily resistance between $69.42 to $70.58.
Even in Bears side is on the move to $57 to $55, but I doubt the price will hit those prices at the moment. So, when Bears start the downtrend it should pass the daily strong support first, before the price drop into the base ground support again. At this movement, I expecting the chart creates strong an Inverse structure, and this structure will lead the price to move upside from base ground support, or from daily support. So, currently Crude Oil is on stabilizing the price movement from support to resistance.
Keep watch and keep notes.
Best regards,
RyodaBrainless
“Live to Ride and Ride to Live”