USOIL started the upward movement at the beginning of December with a deep pullback in the middle of the month.
After that, we saw a strong recovery of price increase in almost a month from 66.20 to 88.70 or approximately + 34%.
Apparently, the price has already found a new peak and we can see it going down again, for a correction or a change in the price direction again.
From our previous analysis, the price reached 2 targets in USOIL and 2 targets in Natural GAS.
Now I expect a new price decrease for the coming week.
However, we must be careful of the large upward trend of higher time frames.
Targets:
🎯 81.74
🎯 80
Thank you and Good Luck!
Previous analysis:
www.tradingview.com/...s-the-next-Movement/
After that, we saw a strong recovery of price increase in almost a month from 66.20 to 88.70 or approximately + 34%.
Apparently, the price has already found a new peak and we can see it going down again, for a correction or a change in the price direction again.
From our previous analysis, the price reached 2 targets in USOIL and 2 targets in Natural GAS.
Now I expect a new price decrease for the coming week.
However, we must be careful of the large upward trend of higher time frames.
Targets:
🎯 81.74
🎯 80
Thank you and Good Luck!
Previous analysis:
www.tradingview.com/...s-the-next-Movement/
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