US Oil :reached first target awaiting for breaching 91.50
USOIL
OUTLOOK
The price perfectly fulfills my las idea and reached to our first target .
The price of oil continues to rise within the ascending channel shown in the chart above, and finds strong resistance at the 91.50 barrier, awaiting positive momentum that will contribute to pushing the price to continue rising and heading towards our second target, which now rises to 93.50.
Therefore, the bullish trend scenario will remain valid and effective for the coming period, and breaching the 91.50 target level will extend the bullish wave to 93.50 directly, keeping in mind that below 90.80 will stop the bullish trend and put pressure on the price to begin a bearish correction in the intraday term ,so its possible to retest and then continue at the bullish trend .
support line : 90.80 , 88.04
resistance line : 91.50 , 93.50
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
OUTLOOK
The price perfectly fulfills my las idea and reached to our first target .
The price of oil continues to rise within the ascending channel shown in the chart above, and finds strong resistance at the 91.50 barrier, awaiting positive momentum that will contribute to pushing the price to continue rising and heading towards our second target, which now rises to 93.50.
Therefore, the bullish trend scenario will remain valid and effective for the coming period, and breaching the 91.50 target level will extend the bullish wave to 93.50 directly, keeping in mind that below 90.80 will stop the bullish trend and put pressure on the price to begin a bearish correction in the intraday term ,so its possible to retest and then continue at the bullish trend .
support line : 90.80 , 88.04
resistance line : 91.50 , 93.50
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
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