Crude Oil prices ended the week at 68.50 after testing 64.30 the MA 200 support of the daily charts. Bulls were ready at the main support. After three weeks decline, Crude ended the week with the gains.Dollar’s weakness is helping the Crude Oil prices to rise.
On the smaller chart timeframes, Crude Oil ended the week above the SMA 200 which is a good news for the Crude Bulls.
As seen on the H4 chart, price broke out the falling wedge – bullish continuation pattern – at 67.10.
A bearish harmonic XABCD pattern – Total – completed at 69.26 and Crude Oil prices tested 68.25 Fibonacci 23.6 of the CD. If the price breaks below 68.25, 67.90 and 67.50 can be tested.
Those levels can be used as buying opportunities targeting 69.50 and 70.25.
Break and close above 70.25 will carry the price 71.50 and 73.30.
On the smaller chart timeframes, Crude Oil ended the week above the SMA 200 which is a good news for the Crude Bulls.
As seen on the H4 chart, price broke out the falling wedge – bullish continuation pattern – at 67.10.
A bearish harmonic XABCD pattern – Total – completed at 69.26 and Crude Oil prices tested 68.25 Fibonacci 23.6 of the CD. If the price breaks below 68.25, 67.90 and 67.50 can be tested.
Those levels can be used as buying opportunities targeting 69.50 and 70.25.
Break and close above 70.25 will carry the price 71.50 and 73.30.
Discord Channel : discord.gg/Ku9kzfq
Cycle Sniper Indicator: mql5.com/en/market/product/51950
Cycle Sniper Indicator: mql5.com/en/market/product/51950
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Discord Channel : discord.gg/Ku9kzfq
Cycle Sniper Indicator: mql5.com/en/market/product/51950
Cycle Sniper Indicator: mql5.com/en/market/product/51950
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。