US OIL
New forecast
Oil trading was confined to the top of the descending channel after touching the resistance of the descending channel at 78.83, to hold below the pivotal resistance of 78.00, waiting for the price to be stimulated to resume the expected downward wave in the immediate term, whose next target reaches 77.21 and 75.70.
Therefore, the downward trend scenario will remain valid and effective for the coming period, keeping in mind that breaking 78.83 and holding above it will pressure the price to the upward corrective path again.
The expected trading range for today is between support 77.21 and resistance 78.83 until breaching one of them .
Be careful because of the war between Palestine and Israel, we may witness unexpected movements .
Additionally ,Today News will affect the market .
support line : 77.21 , 75.70
resistance line : 78.83 , 80.56
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
New forecast
Oil trading was confined to the top of the descending channel after touching the resistance of the descending channel at 78.83, to hold below the pivotal resistance of 78.00, waiting for the price to be stimulated to resume the expected downward wave in the immediate term, whose next target reaches 77.21 and 75.70.
Therefore, the downward trend scenario will remain valid and effective for the coming period, keeping in mind that breaking 78.83 and holding above it will pressure the price to the upward corrective path again.
The expected trading range for today is between support 77.21 and resistance 78.83 until breaching one of them .
Be careful because of the war between Palestine and Israel, we may witness unexpected movements .
Additionally ,Today News will affect the market .
support line : 77.21 , 75.70
resistance line : 78.83 , 80.56
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Trade closed: target reached
Trade closed: target reached:
US OIL
Update
The price perfectly fulfills my last idea and price reached to our second targets +195 pip .
The price of oil fell and broke the level of 77.21 and ended yesterday’s trading below it. Today begins with a new decline to continue the bearish trend swing and head towards achieving new negative targets reaching 74.41 and 73.80.
Therefore the downtrend scenario will be remain valid during coming period , supported by the negative pressure formed by the moving average 50, taking into account that breaching 78.00 will postponed the negative pressure and push the price to rise up
The expected trading range for today is between support 74.41 and resistance 78.00 .
Be careful because of the war between Palestine and Israel, we may witness unexpected movements .
Additionally ,Today News will affect the market .
support line : 75.70 , 74.41
resistance line : 77.21 , 78.00
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
US OIL
Update
The price perfectly fulfills my last idea and price reached to our second targets +195 pip .
The price of oil fell and broke the level of 77.21 and ended yesterday’s trading below it. Today begins with a new decline to continue the bearish trend swing and head towards achieving new negative targets reaching 74.41 and 73.80.
Therefore the downtrend scenario will be remain valid during coming period , supported by the negative pressure formed by the moving average 50, taking into account that breaching 78.00 will postponed the negative pressure and push the price to rise up
The expected trading range for today is between support 74.41 and resistance 78.00 .
Be careful because of the war between Palestine and Israel, we may witness unexpected movements .
Additionally ,Today News will affect the market .
support line : 75.70 , 74.41
resistance line : 77.21 , 78.00
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Trade closed: target reached:
US Crude Oil
The price perfectly fulfills my last idea and price is near to the second targets +160 pip .
if you want to hold put SL at entry or close partly .
The price perfectly fulfills my last idea and price is near to the second targets +160 pip .
if you want to hold put SL at entry or close partly .
Trade closed: target reached:
US OIL
UPDATE
The price perfectly fulfills my last idea and price reached to our targets +300 pip
The price of US oil dropped during yesterdays trading after reached to our final targets and could stabilized under resistance zone between 73.80 - 74.41 , to confirm the continuation of the dominance of the downward trend in the immediate and short term, to targeting 72.90 again and extend to 72.19.
Therefore the downward scenario will be remain valid and effective during coming period supported by moving average 50 that is continue to push the price to drop. taking into account that stabilized above 74.41 level will postponed the bearish trend but not to ended .
The expected trading range for today is between support 72.19 and resistance 74.41 .
Be careful because of the war between Palestine and Israel, we may witness unexpected movements .
Additionally ,Today News will affect the market .
support line : 72.90 72.19
resistance line : 73.80 , 74.41
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
US OIL
UPDATE
The price perfectly fulfills my last idea and price reached to our targets +300 pip
The price of US oil dropped during yesterdays trading after reached to our final targets and could stabilized under resistance zone between 73.80 - 74.41 , to confirm the continuation of the dominance of the downward trend in the immediate and short term, to targeting 72.90 again and extend to 72.19.
Therefore the downward scenario will be remain valid and effective during coming period supported by moving average 50 that is continue to push the price to drop. taking into account that stabilized above 74.41 level will postponed the bearish trend but not to ended .
The expected trading range for today is between support 72.19 and resistance 74.41 .
Be careful because of the war between Palestine and Israel, we may witness unexpected movements .
Additionally ,Today News will affect the market .
support line : 72.90 72.19
resistance line : 73.80 , 74.41
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
