USOIL ( BETWEEN TWO TURNING LEVEL ) ( 4H )

٨ أغسطس

USOIL

HELLO TRADERS

currently price between two turning level by breaking each level determine the direction , for know the price trading above turning level (2) at 74.74 , remain this level it will be attempt to reach a turning level (1) at 76.25 .

• Tendency, the price inside two turning level around ( 74.74 & 76.25$) .
  
  
• Upward Zone : in order see increase , the price need breaking turning level (1) at 76.25 , by closing 4h candle above it , easily to reach a resistance level (1) around 78.53 , remain this level indicates the price trying to reach of a resistance level (2) at 80,75 .
  
  
• Downward Zone: by breaking turning level (2) around 74.74 , the price dropping to reach a support level (1) at 72.82, to confirm downward , gold need breaking support level (1) by open 4h candle below it to reach a support level (2) at 71.81 .
  
  

TARGET LEVEL :

• RESISTANCE LEVEL : 78.53 , 80.75 .
  
• SUPPORT LEVEL : 72.82 , 71.81 .