US OIL
Analyze
US crude oil rises yestrday to near $74 per barrel, with expectations that the Biden administration will start buying oil to fill its strategic tanks.
us crude oil trading at the narrow area which is between 71.40 and 74.32 since 8 may until now and the movement between that area
The breach of 74.32 area is support for the positive momentum to reach and breach the previous top which is 75.92 and 77.14
on the contrary , the breach of the 71.40 area considered support for the negative momentum and retest again to 70.45 and 69.19 before rise up
support line : 71.40 , 70.45 , 69.19
resistance line :74.32 , 75.92 ,77.14
Today news will affect the market
Analyze
US crude oil rises yestrday to near $74 per barrel, with expectations that the Biden administration will start buying oil to fill its strategic tanks.
us crude oil trading at the narrow area which is between 71.40 and 74.32 since 8 may until now and the movement between that area
The breach of 74.32 area is support for the positive momentum to reach and breach the previous top which is 75.92 and 77.14
on the contrary , the breach of the 71.40 area considered support for the negative momentum and retest again to 70.45 and 69.19 before rise up
support line : 71.40 , 70.45 , 69.19
resistance line :74.32 , 75.92 ,77.14
Today news will affect the market
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With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%
with best learning
Be Stronger With us
THANKS for your support
