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Oil prices surged to a one-week high on Friday, driven by positive inflation data from China and growing global supply concerns amid recent escalations in geopolitical tensions.
Generally, the Direction: is a bearish trend
Uptrend Side: As we mentioned in our previous idea, the price rose and reached our target. Currently, the price is trading above the support of 76.06 and trying to stabilize above it. A break under it will fall to touch 76.16, and below this level, it will touch 74.72.
Downtrend Side: reversing and reaching under 76.06, it looks like it will drop to touch the 73.93 level; any breaking under this level will result in a drop to 71.77.
Tendency Keys: 76.06
Generally, the Direction: is a bearish trend
Uptrend Side: As we mentioned in our previous idea, the price rose and reached our target. Currently, the price is trading above the support of 76.06 and trying to stabilize above it. A break under it will fall to touch 76.16, and below this level, it will touch 74.72.
Downtrend Side: reversing and reaching under 76.06, it looks like it will drop to touch the 73.93 level; any breaking under this level will result in a drop to 71.77.
Tendency Keys: 76.06
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.