US CRUDE OIL
New forecast
The price of oil continued to decline, breaking the 71.00 level and returning to the descending channel again, confirming the dominance of the bearish trend in the upcoming trading and heading towards achieving negative targets up to 69.15 and extending to the 67.43 level.
Therefore, we expect to witness further decline in the immediate and short term, supported by the moving average 50, taking into account that breaching 71.00 will stop the negative scenario and push the price to attempt recovery.
The expected trading range for today is between support 67.43 and resistance 72.19 until stabilized .
Additionally ,Today News will affect on the market .
support line : 69.15 , 67.43
resistance line : 71.00 , 72.19
Attention : We don't have any group in telegram be careful about scammer.
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
The price of oil continued to decline, breaking the 71.00 level and returning to the descending channel again, confirming the dominance of the bearish trend in the upcoming trading and heading towards achieving negative targets up to 69.15 and extending to the 67.43 level.
Therefore, we expect to witness further decline in the immediate and short term, supported by the moving average 50, taking into account that breaching 71.00 will stop the negative scenario and push the price to attempt recovery.
The expected trading range for today is between support 67.43 and resistance 72.19 until stabilized .
Additionally ,Today News will affect on the market .
support line : 69.15 , 67.43
resistance line : 71.00 , 72.19
Attention : We don't have any group in telegram be careful about scammer.
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: stop reached
