US CRUDE OIL 4H : Try to drop

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US CRUDE OIL

New forecast

The price of oil continued to decline, breaking the 71.00 level and returning to the descending channel again, confirming the dominance of the bearish trend in the upcoming trading and heading towards achieving negative targets up to 69.15 and extending to the 67.43 level.

Therefore, we expect to witness further decline in the immediate and short term, supported by the moving average 50, taking into account that breaching 71.00 will stop the negative scenario and push the price to attempt recovery.

The expected trading range for today is between support 67.43 and resistance 72.19 until stabilized .

Additionally ,Today News will affect on the market .

support line : 69.15 , 67.43
resistance line : 71.00 , 72.19

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交易結束:達到停損點
Technical IndicatorsSupport and ResistanceTrend Analysisuscrudeusoilanalysisusoilforecastusoilshortusoilsignals

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