Oil Support and Resistance levels
US oil
US oil remains in a bearish trend below $77.40, with the 1-hour timeframe showing a swing that created a lower low, reinforcing the downward momentum. Immediate support is identified at $74, with a weaker support level around $75. Turning points support to watch are $75.50 and $74.10, while resistances are at $76.50 and $77.40. A change of character to bullish would only be considered if the $77.40 level is violated. For intraday trading, zooming into lower timeframes 3 or 5 minutres and observing price action around these key support and resistance levels is crucial. Look for signs of rejection or breakout to determine potential entry and exit points.
US oil remains in a bearish trend below $77.40, with the 1-hour timeframe showing a swing that created a lower low, reinforcing the downward momentum. Immediate support is identified at $74, with a weaker support level around $75. Turning points support to watch are $75.50 and $74.10, while resistances are at $76.50 and $77.40. A change of character to bullish would only be considered if the $77.40 level is violated. For intraday trading, zooming into lower timeframes 3 or 5 minutres and observing price action around these key support and resistance levels is crucial. Look for signs of rejection or breakout to determine potential entry and exit points.
ความคิดเห็น:
75 area acted as support and held rejected there went to testa 76.50 area resistance
ความคิดเห็น:
ความคิดเห็น:
ความคิดเห็น:
long entry
ความคิดเห็น:
ปิดการเทรด: ถึงเป้าหมายการทำกำไร:
ความคิดเห็น:
Oil breached above 78.60
ความคิดเห็น:
ความคิดเห็น:
77.40 crucial support
ความคิดเห็น:
H&S failed right shoulder got voilated bullish momemtum here
ความคิดเห็น:
ปิดการเทรด: ถึงเป้าหมายการทำกำไร:
