Usoil-range trading

١٧ يناير ٢٠٢٤

Under the influence of the current conflict in the Red Sea, oil has made a short-term correction under the pressure of a strong US dollar. Technically, the long and short positions have alternated, and it still shows the wide range consolidation trend that has been emphasized recently. The last trading day fluctuated from around 72 and hit a maximum of 73.5. The pressure nearby fell back below 72 as expected, and is now testing the support below again.

Usoil:buy70.2-70.6
TP:71.3-71.7-72
SL:69.7

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71.3

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The current maximum is 71.8

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72 arrived