Oil Price Forecast: Watch These Key Levels
Currently, OIL is trading around 67.70, standing just below a Strong Resistance Zone near 86.00.
The current pattern suggests a possible downward move, as a short-term selling opportunity.
From the chart, we can see that OIL created an ABC corrective wave followed by a downward move.
It is very likely that after this small correction, Oil will resume its downward move as long as the ABC pattern remains valid.
First target: 67.00
Second target: 66.5
Bearish unless the price breaks and holds above 86.00.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Currently, OIL is trading around 67.70, standing just below a Strong Resistance Zone near 86.00.
The current pattern suggests a possible downward move, as a short-term selling opportunity.
From the chart, we can see that OIL created an ABC corrective wave followed by a downward move.
It is very likely that after this small correction, Oil will resume its downward move as long as the ABC pattern remains valid.
First target: 67.00
Second target: 66.5
Bearish unless the price breaks and holds above 86.00.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
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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.
✅MY FREE Signals Channel
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
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.