USOUSD (Crude Oil) Daily: 06/02/2023: Does it fall more?

Main idea:

According to the weekly analysis, we expect a bear market.

In this case, there is a liquidity pool below 72.42 that can be defined as a first target. There is good support at 72.05, if the price can break this support, the price can fall to 67.5.

After collecting liquidity under 72.42, the price may have a short-term upward move. We can define 74.83- 75.7 as a supply zone that can push the price down.



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🗓️06/02/2023
🔎 DYOR

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