US Crude OIL 4H : under 88.04 will open the way to drop

TVC:USOIL   CFDs on WTI Crude Oil


The price perfectly fulfills my last idea and price reached the second target .

The price of oil reached the verge of the second expected target at 88.04, awaiting the resumption of negative trading to break the aforementioned level and open the way for a further downward correction, recalling that the next target reaches 87.20.

Therefore, we continue to favor the downward trend during the coming sessions supporting by resistance line 91.35 ,taking into account that breaching 91.35 will stop the negative scenario and lead the price to attempt to restore the main upward trend again.

Additionally ,Today News will affect the market .

support line : 88.04 , 87.22
resistance line : 89.35 , 91.52

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