🛢️Oil continues its upward trend from the establishment of a bottom on December 9 at the level of $70.
🛢️Looking at the technical environment, it seems very likely to me that the increases will continue to the area around $84 where there is a resistance zone determined by the level of 0.236 of the entire downward wave from the post-breakout peak.
🛢️The support zone I have determined around $78 where the price has repeatedly respected this price level.
🛢️The scenario I'm playing out is a continuation of growth to reach the resistance zone. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
🛢️*Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.
🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.