OIL. Time to collect a little bit into the bucket :)
In my short-term trade, the level of 79.5-80 USD will be very important. I am looking for strong support here with the potential for an upward impulse of 11% to the area of 89.3 USD. This area is an extremely important point for further play and the situation must be closely monitored.
When the price shows significant weakness, a quick drop to a new LOW - around 60 USD will be possible.
If the price breaks the level of 89.3 USD with a decisive move, we will probably see an increase under 110 USD - around ATH.
At 110 dollars, two situations are possible:
a) we break it with a decisive move to 133-135 USD, a small correction to 110 and further upward movement
b) we return to 89.3 USD and from there we build an upward movement
Generally, no matter what happens, I assume that in this edition we will see prices in the range of 200-770-315 USD in the future.
When the price shows significant weakness, a quick drop to a new LOW - around 60 USD will be possible.
If the price breaks the level of 89.3 USD with a decisive move, we will probably see an increase under 110 USD - around ATH.
At 110 dollars, two situations are possible:
a) we break it with a decisive move to 133-135 USD, a small correction to 110 and further upward movement
b) we return to 89.3 USD and from there we build an upward movement
Generally, no matter what happens, I assume that in this edition we will see prices in the range of 200-770-315 USD in the future.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.