BluetonaFX

BluetonaFX - USOIL 08/06/2023 Price Action Analysis Update

TVC:USOIL   CFDs on WTI Crude Oil
Hi Traders!

PLEASE SEE LINK TO ORIGINAL IDEA BELOW. 

Our USOIL range zone from last week worked to perfection and fulfilled our range idea.

The range zone support level of 66.88 was hit, and the market has bounced off the level exactly.

We now need to wait and see if the range zone will continue. That being said, we strongly recommend traders to take caution with their positions, as we have the Federal Reserve's interest rate announcement and decision tomorrow.

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BluetonaFX
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