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USOIL WTI 4H (try to retest)

TVC:USOIL   WTI Rohöl CFD's
USOIL

Analyze

the price of Crude oil price shows bullish tendency Amid fears of supply shortages and growing speculation about OPEC+ cuts

price of OIL tested important resistance zone and couldn't breached 73.56 - 74.40 ,

Currently , consolidation under level 73.56 - 74.40 it will help the price to visit the previous areas 72.69 and 71.40 and then push up again

as for renewing bullish attempts , consolidation above 74.40 it will support the price to build positive wave ,noting that breaking level 74.40 will open the way to targeting 75.80, 77.08 and 78.00

the expect trading range for today is between the support line 72.69 and resistance line 73.56

support line : 72.69 , 71.40 , 70.47
resistance line: 73.56 , 74.40 , 75.80

Please trade and risk management carefully during this week.

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