US CRUDE OIL 4H : Under 70.82 will drop more
US Crude Oil
New forecast
Oil price trading stabilizes below the broken support at the level of 72.90, so that the bearish trend scenario remains valid and effective for today, which targets levels of 70.18 and then 69.15 as the next main stations. and to confirm the bearish trend it should stable under 70.82 level and then our targets will be activate .
Therefore the downward scenario will be remain valid and effective during coming period supported by moving average 50 , we remind you of the importance of stability below 72.90 as a first condition for a continuation of the decline, as breaching it may encourage the price to achieve a temporary rise before returning to the decline again.
The expected trading range for today is between support 69.15 and resistance 72.90 until stabilized .
support line : 70.18 , 69.15
resistance line : 72.19 , 72.90
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New forecast
Oil price trading stabilizes below the broken support at the level of 72.90, so that the bearish trend scenario remains valid and effective for today, which targets levels of 70.18 and then 69.15 as the next main stations. and to confirm the bearish trend it should stable under 70.82 level and then our targets will be activate .
Therefore the downward scenario will be remain valid and effective during coming period supported by moving average 50 , we remind you of the importance of stability below 72.90 as a first condition for a continuation of the decline, as breaching it may encourage the price to achieve a temporary rise before returning to the decline again.
The expected trading range for today is between support 69.15 and resistance 72.90 until stabilized .
support line : 70.18 , 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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