Main idea:
According to the weekly analysis, we expect a bear market.
In this case, there is a liquidity pool below 72.42 that can be defined as a first target. There is good support at 72.05, if the price can break this support, the price can fall to 67.5.
After collecting liquidity under 72.42, the price may have a short-term upward move. We can define...
The chart shows the uptrend.
USOIL on the 4-hour chart bounced for the second time above the 91 - 92 area.
The market after testing the 0.618 Fibonacci support is now trading for further resistance.
Technical analysis - daily time frame RSI is bullish. In general, the daily-weekly time frame is bullish.
DISCLAIMER: This review is not intended to encourage the...
