USOIL WTI Crude Oil
WTI Crude Oil (USOIL) has successfully broken above the descending trend-line, signalling a potential trend reversal. After the breakout, the price has retraced back to retest the trend-line support, confirming its strength as a new support level.
Key Technical Observations:
✅ Trend-line Breakout & Retest – The price has broken the downward trend-line and is now finding support around $70.800, indicating a shift in momentum.
The price is currently trading above the 21-period and 50-period Exponential Moving Averages (EMAs), which further confirms the bullish momentum and potential for an upward move.
✅ Targets for the Upside:
Target 2: $71.900 (First resistance level)
Target 2: $72.600 (second resistance level)
Target 2: $73.500 (Major resistance level)
✅ Support Level: $70.800 – Holding above this level strengthens the bullish outlook.
Key Technical Observations:
✅ Trend-line Breakout & Retest – The price has broken the downward trend-line and is now finding support around $70.800, indicating a shift in momentum.
The price is currently trading above the 21-period and 50-period Exponential Moving Averages (EMAs), which further confirms the bullish momentum and potential for an upward move.
✅ Targets for the Upside:
Target 2: $71.900 (First resistance level)
Target 2: $72.600 (second resistance level)
Target 2: $73.500 (Major resistance level)
✅ Support Level: $70.800 – Holding above this level strengthens the bullish outlook.
Note
Target 01 and Target 02 reachedTrade fermée manuellement
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Join My Telegram Channel for Signals and Technical Charts
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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.