US Crude Oil 4H: Support further decline
USOIL
New forecast
The oil price presents new strong negative trades to break the 84.81 level and settle below it, halting the proposed positive scenario and heading towards achieving a further expected decline in the immediate term, paving the way for heading towards 82.00 and 80.56 as the next negative targets.
Therefore, we expect the bearish tendency to continue during the coming sessions, noting that breaching 84.81 and holding above it will lead the price to begin new recovery attempts in the immediate term.
The expected trading range for today is between support 82.00 and resistance 84.81 .
Additionally ,Today News will affect the market .
support line : 82.00 , 80.56
resistance line : 84.81 , 86.17
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
New forecast
The oil price presents new strong negative trades to break the 84.81 level and settle below it, halting the proposed positive scenario and heading towards achieving a further expected decline in the immediate term, paving the way for heading towards 82.00 and 80.56 as the next negative targets.
Therefore, we expect the bearish tendency to continue during the coming sessions, noting that breaching 84.81 and holding above it will lead the price to begin new recovery attempts in the immediate term.
The expected trading range for today is between support 82.00 and resistance 84.81 .
Additionally ,Today News will affect the market .
support line : 82.00 , 80.56
resistance line : 84.81 , 86.17
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
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