USOil/WTI long
Updated
hello everyone... this is the next analysis after the completion of the short position for usoil/wti...
today USOIL pulled back from a strong support level of 64 ish area...
price will test the main resistance area of 72.. which will be the 1st target to take profit $$$
breaking 72 and price staying bullish, we will likely see a new high level around 92 resistance level
again tomorrow we have NFP news so price could go bearish to test the bearish trendline...
usoil is correlated with usdcad...both pairs will be effected by news tomorrow...
good luck to everyone..
today USOIL pulled back from a strong support level of 64 ish area...
price will test the main resistance area of 72.. which will be the 1st target to take profit $$$
breaking 72 and price staying bullish, we will likely see a new high level around 92 resistance level
again tomorrow we have NFP news so price could go bearish to test the bearish trendline...
usoil is correlated with usdcad...both pairs will be effected by news tomorrow...
good luck to everyone..
Trade active
price is reached the resistance of 71.42 of Dec '22Trade active
Reached 73… price is above the resistance level of 72…next level is 80.4
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.