Anthony0417

Foucs on support area after continuous short

Panjang
OANDA:WTICOUSD   West Texas Oil
hello everyone,
In last opinion, 63.50-64.30 has been mark as extremely important resistance area.
After almost three times consolidation, the oil price is droping down to 63.

Now, i considering whether the bull trend is over ? although the API, EIA information is not good for long side, but the whole supply and demand hasn't changed.
so, in next part, i will foucs on long side at support area.

short-term: 62.63
wave-trem: 60.80-61.60

it will drop into long-term consolidation if price drop down under 60.50, or OPEC recognized the increased supply plan.
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.