USOIL - Continuous Rise

Generally, the direction is uptrend

Uptrend Side: the oil price stabilized above 78.63 by closing the 1D candle above it, thus supporting the price to be in an uptrend toward 80.56

Downtrend Side: The price should reverse and stabilize below 78.63 on the 4-hour candle. If this occurs, it is expected to decline further to 76.06.

Correction: The price is expected to decline to the support level of 78.63 as a correction, after which it is anticipated to begin a bullish trend.

Tendency Keys: 78.63
Chart PatternsHarmonic PatternsTrend Analysis

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