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Analysis up on #USOIL
Hello friends.
This post is related to my analysis on USDCAD, as you can see here the Oil market is at a big resistance here but we have no reason to believe or think the Oil will start declining.
I see the contrary I believe the market will reach new levels soon, I based my analysis on fundamentals beliefs like more economies opening in the USA soon and around the world.
Would be very interested to see the oil market closing above 68.00 to get in a buy trade targeting 74-75.
However, there is a chance the market will drop to the support level highlighted on the chart near 54.00 it will present a buying opportunity.
Safe trading everyone Check today analysis below⠀
>> "In this business, if you’re good, you’re right six times out of ten. You’re never going to be right nine times out of ten.” - Peter Lynch" _____________________________________________________________________________⠀ -Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only⠀ -Please note this is just a PREDICTION and I have no reason to act on it and neither should you