ElenaMayi

USOIL WTI 4H ( uptrend)

Long
TVC:USOIL   CFDs on WTI Crude Oil
US OIL

Analyze

the price of Crude oil price shows some bullish tendency to move above 71.40, stabilized above 71.40 it will support the price to reach 73.56 and 74.30

consolidation above 73.56 - 74.30 is important to archive the suggested targets as breaching it will push the price to build a bullish wave, with its main targets starting at 75.92. noting that breaking level 74.30 will open the way to targeting 75.92, 77.14 and 78.00


as for the bearish attempts , consolidation under 70.44 it will make the price under sell pressure to retest again to 69.19 and 68.06


the expect trading range for today is between the support line 71.40 and resistance line 73.56

support line :71.40 , 70.44 , 69.19
resistance line : 73.56 , 74.30 , 75.92

about 4 Analysis per day.
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~900 pips per week —— Accuracy more than 88%

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