USOIL is bottom edge of channel. Main trend is still not bullish.
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The candles on the 25th, 26th, and 27th show similar patterns. Any tightness observed is likely to resolve and lead to a forthcoming movement.
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USOIL broke its last swing low of 81.56 In this conflict geopolitical tension oil price is declining is something suspicious to me. Next level to watch is 78.70
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As anticipated, the USOIL has broken the 78 level and is currently trading at 77.08. I'm patiently observing for the formation of a reversal candle within the next few days. The subsequent significant level to monitor stands at 68, but I'm not certain it will be reached in the near future. I consider 74 as a favorable point to initiate a long position for a decent risk-reward ratio.
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GOLD is trading at 73. favourable for quick trade upto 76-77 😎 next best zone to buy is 67-68.
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GOLD from 73 to now trading at 77.63 a nice counter trend trade closed with +4% in capital gain.