USOIL - Sensitive Movement
The oil price has continued its upward movement and is likely to rise toward 70.50 or touch this level before initiating the decline scenario.
A breakout above 70.50 could push the price toward the next resistance at 71.78.
However, the chart predominantly suggests a bearish outlook. We expect that once the price reaches 70.50, the bearish trend will resume, targeting the support levels at 68.64 and 67.84.
A breakout above 70.50 could push the price toward the next resistance at 71.78.
However, the chart predominantly suggests a bearish outlook. We expect that once the price reaches 70.50, the bearish trend will resume, targeting the support levels at 68.64 and 67.84.
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with best learning
Be Stronger With us
THANKS for your support
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