US Crude Oil 4H : make a correction and then will rise up

2023년 9월 15일

USOIL

OUTLOOK

Technical abstract :

The price perfectly fulfills my las idea and we got about +150 pip .

Oil price shows more upward bias, reaching the 91.40 barrier now, waiting to continue rising to reach the resistance of the main ascending channel, which now rises to 93.50.

The ascending channels continue to organize the upward wave, and breaching the 91.40 level will push the price to achieve additional gains up to the 93.50 areas, keeping in mind that and also the its possible to make a retest and then rise up again so breaking 89.50 will stop the expected upward trend and put pressure on the price to start a downward corrective wave to 88.04 in the immediate term.


The expect range trading for today it will be between resistance line 91.40 and support line 89.50


support line : 89.50 , 88.04
resistance line : 91.40 , 93.50

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