Macroeconomic Overview
Hello dear friends,
There is a notable increase in oil prices.
I mentioned in previous articles that I expect a rise.
The reasons for the rise stem from the problems experienced in the supply (production) field.
Oil prices are very much affected by global politics.
When We Examine the Usoil Chart in the Daily Term
The price seems to have broken the trend resistance now.
The $95 level is an important resistance, some pullback from here.
The most important resistance level for the price is $105. There is a gap in this zone.
I do not expect the price to exceed the $115 level.
Hello dear friends,
There is a notable increase in oil prices.
I mentioned in previous articles that I expect a rise.
The reasons for the rise stem from the problems experienced in the supply (production) field.
Oil prices are very much affected by global politics.
When We Examine the Usoil Chart in the Daily Term
The price seems to have broken the trend resistance now.
The $95 level is an important resistance, some pullback from here.
The most important resistance level for the price is $105. There is a gap in this zone.
I do not expect the price to exceed the $115 level.