OIL: Time To Rise Again
Oil is moving within a "Descending Channel Pattern" which is clear and well defined.
Every time the price tested the lower support of the pattern, the price moved back up and every time Oil tested the upper boundary of the pattern, the price moved back down.
It is more likely that Oil has found strong bullish momentum again near the 57.40 support area and is probably preparing to move higher as shown in the chart.
KeyTargets:
58.70
59.50
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Oil is moving within a "Descending Channel Pattern" which is clear and well defined.
Every time the price tested the lower support of the pattern, the price moved back up and every time Oil tested the upper boundary of the pattern, the price moved back down.
It is more likely that Oil has found strong bullish momentum again near the 57.40 support area and is probably preparing to move higher as shown in the chart.
KeyTargets:
58.70
59.50
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
ملاحظة
Target _1 reached:)
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
✅MY FREE Signals Channel
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
إخلاء المسؤولية
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.