US Crude Oil 4H : Outlook
USOIL
New forecast
The oil price is facing strong support around 90.55, providing signs of an attempt to build a new ascending wave, which requires attention in the upcoming trading, as breaching 92.50 represents the key to restoring the main upward trend and heading towards 94.02 initially, while the price needs to break 90.55 to confirm the continuation of the bearish correction and head towards levels 89.35 then 88.30 as the next main targets.
The expected trading range for today is between support 90.50 and resistance 92.48
Additionally ,Today News will affect the market .
support line : 91.14 , 90.55
resistance line : 92.48 , 94.02
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
New forecast
The oil price is facing strong support around 90.55, providing signs of an attempt to build a new ascending wave, which requires attention in the upcoming trading, as breaching 92.50 represents the key to restoring the main upward trend and heading towards 94.02 initially, while the price needs to break 90.55 to confirm the continuation of the bearish correction and head towards levels 89.35 then 88.30 as the next main targets.
The expected trading range for today is between support 90.50 and resistance 92.48
Additionally ,Today News will affect the market .
support line : 91.14 , 90.55
resistance line : 92.48 , 94.02
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
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