Oil Price Forecast: Watch These Key Levels
Currently, OIL is trading around 67.70, standing just below a Strong Resistance Zone near 86.00.
The current pattern suggests a possible downward move, as a short-term selling opportunity.
From the chart, we can see that OIL created an ABC corrective wave followed by a downward move.
It is very likely that after this small correction, Oil will resume its downward move as long as the ABC pattern remains valid.
First target: 67.00
Second target: 66.5
Bearish unless the price breaks and holds above 86.00.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Currently, OIL is trading around 67.70, standing just below a Strong Resistance Zone near 86.00.
The current pattern suggests a possible downward move, as a short-term selling opportunity.
From the chart, we can see that OIL created an ABC corrective wave followed by a downward move.
It is very likely that after this small correction, Oil will resume its downward move as long as the ABC pattern remains valid.
First target: 67.00
Second target: 66.5
Bearish unless the price breaks and holds above 86.00.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
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✅MY FREE Signals Channel
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✅Personal Telegram
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✅Suggested News Channel
t.me/ForexNewsNavigator_Official
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.