ElenaMayi

USOIL WTI 4H (OUTLOOK)

TVC:USOIL   CFDs on WTI Crude Oil
US OIL

Analyze

Crude oil price shows some bullish tendency to move above 71.40, waiting for breach and stabilized above resistance zone 73.56 - 74.30 after tested the strong support zone 68.06 - 69.19 and pushed up

currently , stabilized above 73.56 -74.30 is important to achieve 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 74.45 will open the way to targeting 75.2, 77.14 and 78.00

as for the bearish attempts , consolidation under 73.56 it will make the price under sell pressure to retest again to 71.40 , 70.44 and 69.19


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.
With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%

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