Oil is still trading in an ascending channel on the four-hour frame, and I expect this price to decline at the beginning of next week, to trade at 89 areas, from which it may continue its rise towards 92, but the 92 area has important resistance if it breaches it and closes above it, we may see it at 97 levels.
Sometimes oil is only interested in fundamental analysis and global news, so technically, technical analysis is still respected, but politically the situation may be different. Everything may happen. We wait for the beginning of next week.
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Note: If you are a beginner trader, you should be aware of these rules:
1: Do not covet
2: Don't trade too much
3: Secure your positions after entering the profit
4: Enter contracts that fit your portfolio
5: Adhere to all recommendations
Sometimes oil is only interested in fundamental analysis and global news, so technically, technical analysis is still respected, but politically the situation may be different. Everything may happen. We wait for the beginning of next week.
🔥💥 Like, Shared and subscription 💥🔥
Note: If you are a beginner trader, you should be aware of these rules:
1: Do not covet
2: Don't trade too much
3: Secure your positions after entering the profit
4: Enter contracts that fit your portfolio
5: Adhere to all recommendations
