USOIL/ XTIUSD LONG/BUY
Updated
🔰 Pair Name : XTIUSD
🔰 Time Frame : 4hrs/ Daily
🔰 Scale Type : Long Scale
🔰 Direction : Long/ BUY
In light of recent market developments, a noteworthy occurrence took place last Friday with the formation of a Daily Bullish Pin Bar. This event coincided with the release of significant news pertaining to a Russia Munity over the weekend. Both fundamental and technical indicators now exhibit a high level of alignment. As the summer season approaches, an upsurge in demand for refined fuels is anticipated. Consequently, it is an opportune moment to rectify prevailing market imbalances. We anticipate a minimum price retracement to reach 83 within the upcoming months. However, should the Russian issue escalate further, the price of oil is poised to surge towards the 90 mark.
🔰 Time Frame : 4hrs/ Daily
🔰 Scale Type : Long Scale
🔰 Direction : Long/ BUY
In light of recent market developments, a noteworthy occurrence took place last Friday with the formation of a Daily Bullish Pin Bar. This event coincided with the release of significant news pertaining to a Russia Munity over the weekend. Both fundamental and technical indicators now exhibit a high level of alignment. As the summer season approaches, an upsurge in demand for refined fuels is anticipated. Consequently, it is an opportune moment to rectify prevailing market imbalances. We anticipate a minimum price retracement to reach 83 within the upcoming months. However, should the Russian issue escalate further, the price of oil is poised to surge towards the 90 mark.
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Reaching supply zone, watching sell!Trade closed: target reached
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