Oil chart analysis
The price of oil continues with a bullish trend despite a little volatility on Wednesday. On Wednesday, the price fell from $82.40 to the $78.60. Yesterday, we saw a strong bullish impulse at the beginning of the US session, and the price of oil returned above the $80.00 level. The price continues to rise for the rest of the day, and the day closes at the $81.70 level.
During the Asian trading session, oil managed to hold high, and now we see a test of the $82.00 level, and we could expect a break above. We need a positive consolidation and a break above the $82.00 level for a bullish option. Potential higher targets are $83.00 and $84.00 levels.
We need a negative consolidation and a price pullback below the $81.50 level for a bearish option. There we would fall below the Asian support, which would mean a potential further decline. Potential lower targets are $81.00 and $80.00 levels.
The price of oil continues with a bullish trend despite a little volatility on Wednesday. On Wednesday, the price fell from $82.40 to the $78.60. Yesterday, we saw a strong bullish impulse at the beginning of the US session, and the price of oil returned above the $80.00 level. The price continues to rise for the rest of the day, and the day closes at the $81.70 level.
During the Asian trading session, oil managed to hold high, and now we see a test of the $82.00 level, and we could expect a break above. We need a positive consolidation and a break above the $82.00 level for a bullish option. Potential higher targets are $83.00 and $84.00 levels.
We need a negative consolidation and a price pullback below the $81.50 level for a bearish option. There we would fall below the Asian support, which would mean a potential further decline. Potential lower targets are $81.00 and $80.00 levels.
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.