USOIL - Continues at the bearish trend

9. Sept.

Generally, the direction is a downtrend

Uptrend Side: breaking and stability above 69.53, especially crossing the zone between 71.70 and 72.88, will activate the bullish trend and confirm toward 74.70.

Downtrend Side: After the price touched the support line of 67.33, it reversed upwards as a correction, so as long as the price trades under 69.53, the downtrend will remain active to touch 67.33 and under 64.30.

Tendency Keys: 67.33

10. Sept.

Trade geschlossen: Ziel wurde erreicht

Price moves according to our analysis, It may face a short rise to around the level of 69.53, then start a bearish scenario.

11. Sept.

Trade ist aktiv

Crude oil prices rebounded on Wednesday as concerns over Tropical Storm Francine potentially disrupting oil supply outweighed demand-related worries. As a result, today's oil price is expected to test the resistance level of 69.53; if this level is breached, it could rise further to 71.69.

13. Sept.

Trade geschlossen: Ziel wurde erreicht

the oil price rose and reached the resistance of 69.57. also currently the price is trying to break this level to be in a more bullish trend until 71.69.

may fall from the resistance 69.57 until 67.33. Also, if stabilized above 69.57 by closing 1H candle, easily will touch 71.69.