Crude Oil ! Pre-breakout trading to move up

5 de mai. de 2022

Crude Oil is trading in an uptrend. Earlier there was an attempt to go below 95.82, but it failed on the third test and the price returns to a local uptrend.

On the chart, we see a strong resistance level of 108.75, which the price is testing on a near retest (high potential in a breakout)
After a false breakout, we do not fall, but return to the level and switch to pre-breakout trading.

I assume a breakdown of the resistance of 108.75 and an increase in the price of oil to a strong level of 113.43

Sincerely, R. Linda!