Oil Support and Resistance levels

Zaktualizowano
Oil forming and inverse head shoulder pattern only valid if this trendline support helds on 76.50 area. if it takes support and continues with pattern oil might see 80 and 82 even 84 with head length again, keep on eye on current levels for breakdown or rejection to upside.

On lowerside if voilates trendline support 76 to 73 can be see below.
Uwaga
Trendline support got voilated H&S invalid now, trading at 75 area support if that goes out Oil will go down 2 points dowside easily to 73 area.
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Uwaga
73 incomming
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Uwaga
73 done
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Zlecenie zamknięto ręcznie
lower target of 73 reached
Uwaga
73.20 above sustains long till 75,76 and 78 targets
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Uwaga
trendline resistance break out happened
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Uwaga
75 acheived
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Uwaga
78 area testing now
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Uwaga
at support now a rejection here can long else shot to 72 area target
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Uwaga
long on support area
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Uwaga
so far good up halfway to target
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Uwaga
heading for target
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Uwaga
Target acheived
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Uwaga
73 and 72.50 immeadiate support if it goes further down there is support on 71.50 area
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Uwaga
73 and 72.50 voilted fell to lower side
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Supply and DemandSupport and ResistanceTrend Analysis

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