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US CRUDE OIL 4H : Try to rise up

TVC:USOIL   WTI 크루드 오일 CFDs
US CRUDE OIL

New forecast

The oil price is facing temporary negative pressure to test the pivotal support level of 72.90, and the 50 moving average meets this level to add more strength to it. These factors encourage us to expect the resumption of the upward trend during the coming sessions, heading towards the 75.06 areas and extending to 76.77 and 78.00, which represent our next main goals

Therefore the upward scenario will be remain valid and effective during coming period ,Keeping in mind that breaking 72.19 will stop the expected rise and put pressure on the price to decline again.

The expected trading range for today is between support 72.19 and resistance 78.00 until stabilized .

Additionally ,Today News will affect on the market .

support line : 72.90 , 72.19
resistance line : 75.06 , 76.77

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