USOIL Nearing Resistance Trendline Area: Breakout or Pullback?
USOIL prices have been on an upward trend in recent weeks, driven by supply concerns and geopolitical tensions in the Middle East. The price has approached a key resistance trendline area, where a breakout or pullback could occur.
If the price breaks above the resistance trendline area, it could signal a continuation of the uptrend, with potential targets at 93.21 and higher. A breakout could be fueled by further supply disruptions or escalating geopolitical tensions
Alternatively, the price could pull back before breaking out. A pullback could find support at the 67-70 levels. If the price rebounds from support and breaks above the resistance trendline, it would still be considered bullish.
If the price breaks above the resistance trendline area, it could signal a continuation of the uptrend, with potential targets at 93.21 and higher. A breakout could be fueled by further supply disruptions or escalating geopolitical tensions
Alternatively, the price could pull back before breaking out. A pullback could find support at the 67-70 levels. If the price rebounds from support and breaks above the resistance trendline, it would still be considered bullish.
Trendline, Bollinger Bands, and Chart Pattern Analysis. Mid-Long Term Strategy. No courses or premium signals provided. Open for collabs or free analysis requests - feel free to DM.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
Trendline, Bollinger Bands, and Chart Pattern Analysis. Mid-Long Term Strategy. No courses or premium signals provided. Open for collabs or free analysis requests - feel free to DM.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。