USOIL- Time to buy

hier

The oil price continues to fluctuate between 69.638 and 72 today. It is expected to attempt to break through 72.60 after the ending of the correction, and a successful breakout above this level could lead to a rise toward 76.43.

Generally, the direction is uptrend

Uptrend Side: the oil price currently trading in the correction process fell to touch 69.94 and from this level will revers to touch the resistance of 71.69 and above it will touch 72.82.

Downtrend Side: However, breaking below 66.16 will lead to a further decline, targeting the support at 64.11.

Tendency Keys: 69.94

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