US CRUDE OIL
New forecast
The price perfectly fulfills my last idea and we got a profit about + 55 pip .
The price of oil rose and is trying to reach the resistance at 78.00 - 78.83. We notice that the moving average 50 begins to support the price to the top, but the price may face strong resistance. as we mentioned ,
Therefore ,we have to wait until know the direction clearly so if price can stable above 78.83 then the price will try to rise up and reach to 80.56 and 82.00 levels , on the other hand , if price failure to stabilized above the 78.83 level and stabilized under 78.00 then it will force the price to drop again and visit the broken previous areas .
The expected trading range for today is between support 76.87 and resistance 78.83 until stabilized .
Be careful because of the war between Palestine and Israel, we may witness unexpected movements .
Additionally ,Today News will affect the market .
support line : 75.81 , 74.41
resistance line : 78.00 , 78.83
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Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
New forecast
The price perfectly fulfills my last idea and we got a profit about + 55 pip .
The price of oil rose and is trying to reach the resistance at 78.00 - 78.83. We notice that the moving average 50 begins to support the price to the top, but the price may face strong resistance. as we mentioned ,
Therefore ,we have to wait until know the direction clearly so if price can stable above 78.83 then the price will try to rise up and reach to 80.56 and 82.00 levels , on the other hand , if price failure to stabilized above the 78.83 level and stabilized under 78.00 then it will force the price to drop again and visit the broken previous areas .
The expected trading range for today is between support 76.87 and resistance 78.83 until stabilized .
Be careful because of the war between Palestine and Israel, we may witness unexpected movements .
Additionally ,Today News will affect the market .
support line : 75.81 , 74.41
resistance line : 78.00 , 78.83
Attention : we don't have any group in telegram be careful about scammers.
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
USOIL
Update
The price of oil achieved an initial breakthrough to the 78.83 level and is trying to stabilize above it, which requires attention in the upcoming trading, as confirmation of the breach and stability above it will push the price to recover and achieve gains reaching 80.56 and 82.00.
We prefer to remain neutral now until the price confirms its position regarding the 78.83 level, noting that trading below it again will reactivate the bearish trend scenario and then head to visit the 74.41 areas as a main target. so we have to wait until confirmation , stabilized above 78.83 the direction will be uptrend on the other hand if failure to stabilized above 78.83 level will force the price to drop again .
The expected trading range for today is between support 76.87 and resistance 78.83 until stabilized .
Be careful because of the war between Palestine and Israel, we may witness unexpected movements .
Additionally ,Today News will affect the market .
support line : 76.87 , 74.41
resistance line : 78.83 , 80.56
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️