USOIL: Key position 73-73.4

USOIL is currently near the key resistance level. If it can break through here, it will have the opportunity to form a head and shoulders bottom pattern, and then there is a high probability of reaching around 76.

But if there is no strong breakthrough here, the head and shoulders pattern will fail, and it is highly likely that the support near 72 will be backtested.

Therefore, in the trading starting tomorrow, you can focus on the resistance near 73-73.4 and decide the trading direction based on the breakthrough.

On the 45m chart, the pattern is slightly in favor of the bears, looking ahead to Monday’s market options.

If you encounter problems during transactions, you can leave me a message!

Good luck, everyone!

Trade ist aktiv:

I hope you made a good profit like I did