Usoil//Montly Term
Macroeconomic Overview
Hello dear friends,
There is a significant rise 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 field of supply (production).
Oil prices are very much affected by global politics.
When We Examine the Usoil Chart on a Monthly Term
We see that the price has received support from the lower point of the channel.
The price failed to break the $85 support line.
Monthly closing will take place next week.
If the monthly candle close is in the form of a pinbar candlestick, I expect a rise in the next month.
Hello dear friends,
There is a significant rise 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 field of supply (production).
Oil prices are very much affected by global politics.
When We Examine the Usoil Chart on a Monthly Term
We see that the price has received support from the lower point of the channel.
The price failed to break the $85 support line.
Monthly closing will take place next week.
If the monthly candle close is in the form of a pinbar candlestick, I expect a rise in the next month.
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