📈🛢️US Oil Daily prediction 🛢️📉

USOIL
DXY

Hello Traders.
Let's continue our analysis of USOIL.
Before we predict next week, let's take a look at oil chart's trend along with the DXY index.

• The price continues to move in a downward trend. Due to the support area, we can expect a rise in oil price to the previous high level. (If weekly DXY doesn't consolidate above 103.285)
  
• If the price of oil rejects at the level of $77.65, it is likely that the second scenario will occur for the price and vice versa.
  

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Kommentar:

The second scenario was realized.💥✌
After returning to the red zone and failing to stabilize above it, the price followed the path of the second scenario.🍾🍾

Kommentar:

If DXY doesn't consolidate above the 4H midline, it can fall to the determined area.💥✌