Last week, we were expecting US Crude Oil price to lose some value and reach the support area. Instead, the price continued to rise along the upper channel line. For next week, we expect the price to reach the support area highlighted on the chart before resuming the bullish trend.
Trade with care.
Best regards, Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.