Oil Support and Resistance levels
Aktualisiert
US oil
US oil remains in a bearish trend below $77.40, with the 1-hour timeframe showing a swing that created a lower low, reinforcing the downward momentum. Immediate support is identified at $74, with a weaker support level around $75. Turning points support to watch are $75.50 and $74.10, while resistances are at $76.50 and $77.40. A change of character to bullish would only be considered if the $77.40 level is violated. For intraday trading, zooming into lower timeframes 3 or 5 minutres and observing price action around these key support and resistance levels is crucial. Look for signs of rejection or breakout to determine potential entry and exit points.
US oil remains in a bearish trend below $77.40, with the 1-hour timeframe showing a swing that created a lower low, reinforcing the downward momentum. Immediate support is identified at $74, with a weaker support level around $75. Turning points support to watch are $75.50 and $74.10, while resistances are at $76.50 and $77.40. A change of character to bullish would only be considered if the $77.40 level is violated. For intraday trading, zooming into lower timeframes 3 or 5 minutres and observing price action around these key support and resistance levels is crucial. Look for signs of rejection or breakout to determine potential entry and exit points.
Anmerkung
75 area acted as support and held rejected there went to testa 76.50 area resistance Anmerkung
Anmerkung
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long entryAnmerkung
Trade geschlossen: Ziel wurde erreicht
Anmerkung
Oil breached above 78.60Anmerkung
Anmerkung
77.40 crucial support Anmerkung
H&S failed right shoulder got voilated bullish momemtum hereAnmerkung
Trade geschlossen: Ziel wurde erreicht
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