Arazmajeed

US Crude OIL (confirms the breakout)

Largo
Arazmajeed Actualizado   
TVC:USOIL   CFDs sobre petróleo crudo WTI
US Crude OIL

OUTLOOK


Crude oil price moved upwards strongly yesterday, to confirm the breach of 80.68 level, as it ended yesterday’s trading above it, and starts the day with more bullish bias to approach the 82.32 barrier, confirming the continuation of the bullish trend’s control and heading to resume the main bullish path again, on its way to achieving additional gains that reach to areas of 83.53.



Therefore, an upward trend will be expected during the coming sessions, keeping in mind that breaking 80.68 will stop the positive scenario and put the price under corrective downward pressure again.



The expected trading range for today is between the support 80.68 and the resistance 82.32

Additionally , Today news will affect the market

support line: 80.68 , 79.60
resistance line : 82.32 , 83.53


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Operación cerrada: objetivo alcanzado:
as we expected yesterday the price reached to our target 82.30
and on its way to achieving additional gains that reach to areas of 83.53.
reminder you the consolidation under 82.30 the chance of retest will increase so its possible to retest again to 81.92 and then continue at the bullish tendency
Operación cerrada: objetivo alcanzado:
USOIL

UPDATE

as we mentioned from the previous idea the the price will reach to 83.53 and price reached to our target

now , I think the price will be continue at the bullish trend to reach 84.81 and then will start to correction to 83.53 again

today news will affect the market

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