π’οΈ Nearest strong support zone: around the fibo levels of the 0.382 rising wave.
π’οΈ Nearest strong resistance zone: around local peaks.
π’οΈ Technical environment:
π Moving averages: Uptrend
π MACD: Downtrend
π RSI: Uptrend
π’οΈ Price action: USOIL for another day in a row is holding around $79 per barrel looking by the last candle which is a candlestick formation called "hammer" combined with the overall view of the market, I expect the increases to continue in the coming days/weeks.
π The scenario I am playing out is the continuation of the increases. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
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