USOIL : Full analysis

il y a 7 jours

Hello friends

Well, you see that we have a descending channel in which the price is moving, and considering that the price reached the ceiling of the channel, we had a Sharpe decline, and now it seems that the sellers want to break the channel, and the first support identified could be the buyers' stronghold, where we need to see if they support the price or not.

If they support, there is a significant resistance in their way. This area is full of sell orders and can naturally correct the price. In this regard, breaking this resistance is very important and vital for price growth.

Now what if the buyers cannot support the price in the support area and the price falls further?
Well, we need to find areas again for a sell trade because if the descending channel is broken, the fall will be heavier and it is better to move with the trend.

This analysis is purely technical and is not a buy or sell recommendation.

*Trade safely with us*

il y a 5 jours

Trade fermée: cible de profit atteinte