💡 Crude Oil: expiration of weekly options is close
⚠️ In case of a successful test of the limit buyer (64.06), we expect an increase with the nearest target - the balance of the day (64.64).
In case of breakdown and consolidation above 64.64, the next resistance will be the weekly balance (65.00).
📉 In an alternative scenario of the development of events, - a breakout and consolidation below the level of the limit buyer (64.06), the final target of the decline is the hedgers support zone (63.00).
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In case of breakdown and consolidation above 64.64, the next resistance will be the weekly balance (65.00).
📉 In an alternative scenario of the development of events, - a breakout and consolidation below the level of the limit buyer (64.06), the final target of the decline is the hedgers support zone (63.00).
🤔 Do you like the idea? 👍 like it ✍️ write a comment
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Related publications
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.