US Crude Oil 4H: Show bullish trend again
USOIL
Technical abstract :
The oil price is showing new positive trading to move to the 91.52 barrier now, reinforcing expectations for the continuation of the upward trend for the rest of the day, remembering that our targets start at 91.52 and extend to 93.02 after surpassing the previous level.
Therefore, the bullish trend scenario will remain valid and effective, supported by the bullish channel but to confirm the bullish trend should stable above 90.81 then the price will rise up , remembering that under 90.81 it possible to retest again to 89.35. so the continuation of the bullish wave depends on stability above the 90.81 level.
support line : 89.35 , 88.04
resistance line : 91.52 , 93.02
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Technical abstract :
The oil price is showing new positive trading to move to the 91.52 barrier now, reinforcing expectations for the continuation of the upward trend for the rest of the day, remembering that our targets start at 91.52 and extend to 93.02 after surpassing the previous level.
Therefore, the bullish trend scenario will remain valid and effective, supported by the bullish channel but to confirm the bullish trend should stable above 90.81 then the price will rise up , remembering that under 90.81 it possible to retest again to 89.35. so the continuation of the bullish wave depends on stability above the 90.81 level.
support line : 89.35 , 88.04
resistance line : 91.52 , 93.02
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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