USOIL (Visiting The Resistance 75.47)
Oil prices hovered at their highest since October on Monday as investors eyed the impact on global fuel demand from colder weather in the Northern Hemisphere and Beijing’s economic stimulus measures.
Generally, the direction is uptrend
Uptrend Side: The price has stabilized above 73.59, thereby enhancing the likelihood of a bullish scenario toward 75.47. If this level is successfully breached, the next target will be 78.54.
Downtrend Side: The bearish scenario would initially commence with a correction below 73.59, followed by a downward move toward 71.57.
Tendency Keys: 75.47
Generally, the direction is uptrend
Uptrend Side: The price has stabilized above 73.59, thereby enhancing the likelihood of a bullish scenario toward 75.47. If this level is successfully breached, the next target will be 78.54.
Downtrend Side: The bearish scenario would initially commence with a correction below 73.59, followed by a downward move toward 71.57.
Tendency Keys: 75.47
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With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%
with best learning
Be Stronger With us
THANKS for your support
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