US OIL update - Oct 08 2024
US oil has followed previous analysis very well and due to current geopolitical tensions in the middle-east, the second target (78.3) was hit quickly.
After precisely hitting TP2, US oil price has had a sharp drop towards the support zone of 72.0. If the chart forms a base in this area, it's expected to see the continuation of the rise towards 82.0 level which is considered the main scenario. #USOIL
After precisely hitting TP2, US oil price has had a sharp drop towards the support zone of 72.0. If the chart forms a base in this area, it's expected to see the continuation of the rise towards 82.0 level which is considered the main scenario. #USOIL
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