OIL: Time To Rise Again
Oil is moving within a "Descending Channel Pattern" which is clear and well defined.
Every time the price tested the lower support of the pattern, the price moved back up and every time Oil tested the upper boundary of the pattern, the price moved back down.
It is more likely that Oil has found strong bullish momentum again near the 57.40 support area and is probably preparing to move higher as shown in the chart.
KeyTargets:
58.70
59.50
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Oil is moving within a "Descending Channel Pattern" which is clear and well defined.
Every time the price tested the lower support of the pattern, the price moved back up and every time Oil tested the upper boundary of the pattern, the price moved back down.
It is more likely that Oil has found strong bullish momentum again near the 57.40 support area and is probably preparing to move higher as shown in the chart.
KeyTargets:
58.70
59.50
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Nota
Target _1 reached:)
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✅MY FREE Signals Channel
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.