Waiting for the bulls’ counterattack

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Oil prices fell back below the 10-day moving average, but the market is still bullish.

The main reasons for the fall in crude oil prices may include the fact that the Saudi energy minister defended the production cut and claimed that extending the production cut was not to push up oil prices; the Federal Reserve kept interest rates unchanged.

If the support level of crude oil does not break 87.6 and the resistance level does not break 90, it will continue to rise slowly in range trading.

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ملاحظة

close to 90

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ملاحظة

waiting for 91

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تم فتح الصفقة

٢١ سبتمبر ٢٠٢٣

ملاحظة

Both attempts to break through the 91 resistance level failed. Waiting for another breakthrough

٢٢ سبتمبر ٢٠٢٣

تم فتح الصفقة

٢٢ سبتمبر ٢٠٢٣

تم فتح الصفقة

91.3 waiting for 91.8

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تم فتح الصفقة