US CRUDE OIL 4H : Under sell pressure
US CRUDE OIL
New forecast
The price of oil ended last Friday's trading with strong negativity to settle below the 72.90 level, which places the price under the expected negative pressure in the immediate term, pushing the price to achieve negative targets starting at 71.00, and by breaking it, it will extend far to the 69.15 areas.
Therefore, a bearish bias will be likely during the coming sessions, keeping in mind that breaching 72.90 will stop the current negative pressure and push the price to recover again.
The expected trading range for today is between support 69.15 and resistance 72.90 until stabilized .
support line : 71.00 , 69.15
resistance line : 72.19 , 72.90
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New forecast
The price of oil ended last Friday's trading with strong negativity to settle below the 72.90 level, which places the price under the expected negative pressure in the immediate term, pushing the price to achieve negative targets starting at 71.00, and by breaking it, it will extend far to the 69.15 areas.
Therefore, a bearish bias will be likely during the coming sessions, keeping in mind that breaching 72.90 will stop the current negative pressure and push the price to recover again.
The expected trading range for today is between support 69.15 and resistance 72.90 until stabilized .
support line : 71.00 , 69.15
resistance line : 72.19 , 72.90
Attention : We don't have any group in telegram be careful about scammer.
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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