USOIL - BEARISH TOWARD 69.51

25 thg 9

Generally, the direction is uptrend

Uptrend Side: The oil price is currently trading below 71.53 and is expected to reach 69.51. A break below this level may lead to a decline toward 68.00.

Downtrend Side: However, breaking above 71.53 will lead to a further decline, targeting the support at 73.80.

Tendency Keys: 71.53

25 thg 9

Ghi chú

Oil prices steadied on Wednesday after rising in the previous session on fading excitement for the economic stimulus in China, the world’s biggest crude importer, though an industry report showing falling U.S. crude and fuel inventories supported the market.

25 thg 9

Đóng lệnh: đạt mục tiêu

the oil price fell and reached our target of 69.51.

26 thg 9

Đóng lệnh: đạt mục tiêu

The price reached our target of 68.00.

26 thg 9

Đóng lệnh: đạt mục tiêu

REACHED SECOND TARGET +355 PIP

26 thg 9

Giao dịch đang hoạt động

Before the price begins its bearish trend towards 68.00 and further down to 65.21, it is likely to make a correction towards 69.51 or slightly above. After this correction, it is expected to resume the downtrend.

27 thg 9

Đóng lệnh: đạt mục tiêu

According to my last analyses, the price fell and stabilized below 68.00.

Currently, it is in the correction process toward 68.00, then the price should fall until it touches 65.21.