USOIL - UPTREND

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Oil prices climbed by more than 1% on Monday as top importer China flagged its first move toward a loosened monetary policy since 2010 aiming to bolster economic growth, state media reported citing a Politburo meeting.

Generally, the direction is consolidation

Uptrend Side: Oil prices are showing bullish momentum, reinforcing projections of continued gains in the near term. The price is on track to reach our expected target of $68.64, with a breakout above this level likely to drive the upward wave further toward $70.50.

Downtrend Side: Conversely, a break below $67.82, especially below $66.69, would disrupt the upward momentum and prompt a shift toward a downward trend.

Tendency Keys: 68.64
Giao dịch đang hoạt động
As we mentioned, the price rose. Currently, the price is trying to break above 68.84
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