USOIL (crude oil, WTI)
price is a state of increased demand as there are news of tight supplies report due to low U.S oil inventories.
price found support around the $82 price areas with daily demand level of proximal price $82.70 in control, adding yet more bullish pressure to the market.
price action on the 4HR chart is price found dynamic trendline support in confluence with the fundamentals of demand scarcity, leaving much room for bullish run to monthly supply level @ $98 per barrel giving a risk : reward of 1:10 from current market price to long targets.
The Nobel Prize in economics belongs to Satoshi Nakamoto
put together by : Pako Phutietsile
presented by : @currencynerd
courtesy of : @TradingView
price is a state of increased demand as there are news of tight supplies report due to low U.S oil inventories.
price found support around the $82 price areas with daily demand level of proximal price $82.70 in control, adding yet more bullish pressure to the market.
price action on the 4HR chart is price found dynamic trendline support in confluence with the fundamentals of demand scarcity, leaving much room for bullish run to monthly supply level @ $98 per barrel giving a risk : reward of 1:10 from current market price to long targets.
The Nobel Prize in economics belongs to Satoshi Nakamoto
put together by : Pako Phutietsile
presented by : @currencynerd
courtesy of : @TradingView
