US Crude Oil 4H : downtrend under 87.72
USOIL
New forecast
Oil price trading stabilizes below the broken support of the main ascending channel, so that the bearish corrective trend scenario remains valid and effective for the coming period, remembering that our expected target is at 84.81, breaking which represents the key to rushing towards 82.00 as the next main station.
From here, we are awaiting negative trading in the immediate term, provided it remains below 87.72, as breaching this level represents the key to returning to the ascending channel and restoring the main upward trend again.
The expected trading range for today is between support 84.81 and resistance 86.56 until breaching one of them .
support line : 84.81 , 83.24
resistance line : 86.56 , 87.72
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
New forecast
Oil price trading stabilizes below the broken support of the main ascending channel, so that the bearish corrective trend scenario remains valid and effective for the coming period, remembering that our expected target is at 84.81, breaking which represents the key to rushing towards 82.00 as the next main station.
From here, we are awaiting negative trading in the immediate term, provided it remains below 87.72, as breaching this level represents the key to returning to the ascending channel and restoring the main upward trend again.
The expected trading range for today is between support 84.81 and resistance 86.56 until breaching one of them .
support line : 84.81 , 83.24
resistance line : 86.56 , 87.72
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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