USOIL (Parallel channel)

USOIL outlook

The price will trade inside the channel,
so depending on the parallel channel should continue on the bullish trend till 76.44
72.87 is a pivot line, as long as trades above it, it means the next station will be 75.48 and 76.44 as a bullish target
Otherwise, breaking the channel in the lower side, means will reach 69.78

Pivot line: 73.25
resistance line: 75.43 & 76.44 & 78.90
Support Line: 72.87 & 71.20 & 69.78

The expected trading range for today is between support 72.87 and Resistance 76.44

Tendency: Uptrend

تعليق:

still running to get the targets we mentioned above