USOIL Signal
Given the price support at 65.45 support, we expect a quick move, and since the nature of oil in Saudi Arabia, we have a correction.
The first point to end is the 70 resistance correction, to which the price has reacted many times
On the other hand, the number 70 is one of the rand numbers that can affect the resistance and the existence of order in this area.
Our second point is the level of 0.618, which is located on the resistance of 70, which increases the accuracy of our analysis.
The trend line that has been drawn under the candlesticks and broken yesterday is also at the intersection of 0.618 level and 70 government area, so we expect to correct and create a price channel between 65 and 70 for oil.
What do you think about this analysis?
The first point to end is the 70 resistance correction, to which the price has reacted many times
On the other hand, the number 70 is one of the rand numbers that can affect the resistance and the existence of order in this area.
Our second point is the level of 0.618, which is located on the resistance of 70, which increases the accuracy of our analysis.
The trend line that has been drawn under the candlesticks and broken yesterday is also at the intersection of 0.618 level and 70 government area, so we expect to correct and create a price channel between 65 and 70 for oil.
What do you think about this analysis?
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