USOIL - REVERSING FROM SUPPORT
Oil prices ticked up in early trade and currently continue at the bullish trend after falling in the previous session until 68.64 as investors took stock of a potential ceasefire between Israel and Hezbollah, weighing on oil’s risk premium.
Generally, the direction is uptrend
Uptrend Side: Oil prices are showing bullish momentum, reinforcing projections of continued gains in the near term. The price is on track to reach our expected target of $70.51, with a breakout above this level likely to drive the upward wave further toward $71.74.
Downtrend Side: Conversely, a break below $68.64 would disrupt the upward momentum and prompt a shift toward a downward trend.
Tendency Keys: 68.64
Generally, the direction is uptrend
Uptrend Side: Oil prices are showing bullish momentum, reinforcing projections of continued gains in the near term. The price is on track to reach our expected target of $70.51, with a breakout above this level likely to drive the upward wave further toward $71.74.
Downtrend Side: Conversely, a break below $68.64 would disrupt the upward momentum and prompt a shift toward a downward trend.
Tendency Keys: 68.64
about 4 Analysis per day.
With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%
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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.
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.