Market Instrument: USOIL
Timeframe: Weekly
Analysis: Technical
Structure: Resistance Breakout and Pull Back
Prediction: Bullish
USOIL has successfully breached the resistance formed at 110 with a huge buying pressure with the war between Russia and Ukraine. So if the following price action is not going for a fake-out on the breakout formed. Then we may see a continuation of this bull rally towards the next resistance formed close to 146 which has happened during 2008. And fall hard rejecting at the 110 area will invalidate the setup.
Timeframe: Weekly
Analysis: Technical
Structure: Resistance Breakout and Pull Back
Prediction: Bullish
USOIL has successfully breached the resistance formed at 110 with a huge buying pressure with the war between Russia and Ukraine. So if the following price action is not going for a fake-out on the breakout formed. Then we may see a continuation of this bull rally towards the next resistance formed close to 146 which has happened during 2008. And fall hard rejecting at the 110 area will invalidate the setup.
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。
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。