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USOIL Preparation to getting the high level

Largo
TVC:USOIL   CFDs sobre petróleo crudo WTI
USOIL

NEW forecast


Yesterday, the price remained in the bullish zone and reached 78.95, then reversed to do its retest until 77.52.

Today we will divide the oil chart into two scenarios

As we said, the price is in the retest process now, so the first scenario is that if the price ends the retest and reverses toward up, the first positive station, 78.95, will break.

Second scenario: if the price continues its bearish trend till under 77.52, especially the closing 4H candle under it, it will start the negative trading.

Pivot Level: 75.52
Tendency: upward
Entry Price: 77.99

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