Technical Analysis:
As you can see, USOIL value has increased since the end of 2020 and it has reached 65$. The commodities price action shows Bearish Divergence with MACD.
USOIL retraces to Fibonacci 38% and Fibonacci Golden Zone and if they support, then bounces from them, hence the price moves toward the levels of 65.83$ and 76.00$ and ultimately the higher levels which are specified.
As you can see, USOIL value has increased since the end of 2020 and it has reached 65$. The commodities price action shows Bearish Divergence with MACD.
USOIL retraces to Fibonacci 38% and Fibonacci Golden Zone and if they support, then bounces from them, hence the price moves toward the levels of 65.83$ and 76.00$ and ultimately the higher levels which are specified.
Trade closed: target reached
1 TP AchievedTrade closed: target reached
2 TP Achieved , The Second Target Is not in the visible section of the chart and you need to squeeze the chart in order to see that
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.