USOIL - Bearish Trend
Generally, the direction is a downtrend
Downtrend Side: The oil price tested the key resistance level of $68.64 and subsequently retraced lower, supporting expectations for a continued bearish trend. A break below the $67.84 level would open the way for a move toward the $66.96 level, which represents the next main target at 65.40.
Uptrend Side: However, a break above $68.64 would halt the anticipated decline and could lead the price to initiate recovery attempts, targeting the $70.75 region, potentially extending to $71.78 before any further downward movement.
Tendency Keys: 66.96
Downtrend Side: The oil price tested the key resistance level of $68.64 and subsequently retraced lower, supporting expectations for a continued bearish trend. A break below the $67.84 level would open the way for a move toward the $66.96 level, which represents the next main target at 65.40.
Uptrend Side: However, a break above $68.64 would halt the anticipated decline and could lead the price to initiate recovery attempts, targeting the $70.75 region, potentially extending to $71.78 before any further downward movement.
Tendency Keys: 66.96
about 4 Analysis per day.
With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%
with best learning
Be Stronger With us
THANKS for your support
With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%
with best learning
Be Stronger With us
THANKS for your support
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.