CFDs on WTI Crude Oil
Long
Updated

USOIL - BULLISH Tendency

296
Summary: we expect the price will make a short correction and then rise

Generally, the direction is uptrend

Uptrend Side: To sustain the bullish trend, the price must break through 70.50, after which it is expected to rise further to test 71.78.

Downtrend Side: The resistance at 70.50 may cause the price to decline sharply, potentially reaching 68.64 and further down to 67.84.

Tendency Keys: 70.51
Trade active
the price ended its correction; currently will trying to break the 70.50
Trade closed: target reached
The price rose as we mentioned by +80 pip profit; currently, the price will try to stabilize above 70.50, and breaking above this level will try to touch 71.78.

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