USOIL - LONG Term
Crude oil prices rose significantly during the first trading of the week on Monday after crude achieved weekly profits for the first time in 4 weeks at the end of last week, estimated at about 3%.
In this regard, the escalation of tensions in the Middle East region reinforced the rise in demand for crude oil in today's trading, amid increasing expectations of a decline in oil supplies in energy markets during the coming period.
Generally, the direction is uptrend
Uptrend Side: the oil price stabilized above 76.06 by closing the 1D candle above it, thus supporting the price to be in an uptrend toward 78.63.
Downtrend Side: The price should reverse and stabilize below 76.06 on the 4-hour candle. If this occurs, it is expected to decline further to 73.93.
Correction: The price is expected to decline to the support level of 76.06 as a correction, after which it is anticipated to begin a bullish trend.
Tendency Keys: 76.06
In this regard, the escalation of tensions in the Middle East region reinforced the rise in demand for crude oil in today's trading, amid increasing expectations of a decline in oil supplies in energy markets during the coming period.
Generally, the direction is uptrend
Uptrend Side: the oil price stabilized above 76.06 by closing the 1D candle above it, thus supporting the price to be in an uptrend toward 78.63.
Downtrend Side: The price should reverse and stabilize below 76.06 on the 4-hour candle. If this occurs, it is expected to decline further to 73.93.
Correction: The price is expected to decline to the support level of 76.06 as a correction, after which it is anticipated to begin a bullish trend.
Tendency Keys: 76.06
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.