AhFarouk

USOIL (08/03/22) - Active (Mid-day Performance) 🎭

Short
AhFarouk Updated   
TVC:USOIL   CFDs on WTI Crude Oil
1. Price break the $123.75 level and stop fluctuating inside the correction zone and the fight will start between bulls vs bears @ 61.8% level to penetrate $125.5x.

2. Penetrating the $125.5x level means that bulls wins the battle and will continue their pathway to hit the target @ 141.4% level and achieve the $140.4x.

3. It is well noticed that this target level increased from $137.6x at the beginning of the day due to increase in buying purchase of bulls.

4. The major target of bulls is to bring the price below the $147.7x @ 161.8% level by the end of the day or at least to perform it by the beginning of tomorrow's trade.

5. The feedback from European allies due to US sanctions of Russian products which is going to be publicise by the end of today's will play the major role of price explosions.
Comment:
2. Penetrating the $125.5x level means that bulls wins the battle and will continue their pathway to hit the target @ 141.4% level and achieve the $140.4x.

correction: penetrating $128.5x not $125.5x

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