hello everyone... this is the next analysis after the completion of the short position for usoil/wti...
today USOIL pulled back from a strong support level of 64 ish area...
price will test the main resistance area of 72.. which will be the 1st target to take profit $$$
breaking 72 and price staying bullish, we will likely see a new high level around 92 resistance level
again tomorrow we have NFP news so price could go bearish to test the bearish trendline...
usoil is correlated with usdcad...both pairs will be effected by news tomorrow...
good luck to everyone..
today USOIL pulled back from a strong support level of 64 ish area...
price will test the main resistance area of 72.. which will be the 1st target to take profit $$$
breaking 72 and price staying bullish, we will likely see a new high level around 92 resistance level
again tomorrow we have NFP news so price could go bearish to test the bearish trendline...
usoil is correlated with usdcad...both pairs will be effected by news tomorrow...
good luck to everyone..
Trade active:
price is reached the resistance of 71.42 of Dec '22
Trade active:
Reached 73… price is above the resistance level of 72…next level is 80.4
