USOIL(WTI OIL) TECHNICAL ANALYSIS|
Hello, Traders!
USOIL looks pretty interesting on the higher timeframes
We can see that 50$ is a strong technical as well as phycological level
As well as a nice round number, which is important
The rising resistance line forms a confluence with this resistance
In a point where oil price is supposed to test the level
Based on the fundamental news of a new strain of coronavirus
Which will lead to more lockdowns and subsequent slowdown of the economic recovery
Oil is loosing strength
And while it might test 50$
I think it will drop to retest the strong support area of 40-41$ per barrel
Lets see what will be the markets decision
But I am bearish on oil right now
Like, comment and subscribe to boost your trading!
See other ideas below too!
✅Join My FREE Telegram Channel: t.me/top_tradingsignals
✅Contact Me For Signals: t.me/toptradingsignalsfx
✅Visit my Website: toptradingsignals.net/
✅My Broker: toptradingsignals.net/bestbroker
✅Contact Me For Signals: t.me/toptradingsignalsfx
✅Visit my Website: toptradingsignals.net/
✅My Broker: toptradingsignals.net/bestbroker
Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.