📈USOIL has reached a significant horizontal demand zone on the daily chart, leading to price consolidation and the formation of a double bottom pattern with a higher low.
Yesterday, the market rebounded, creating a new local higher high that broke above the pattern's neckline.
This suggests a typical bullish reversal, and the oil price is expected to rise towards 64.40.
Yesterday, the market rebounded, creating a new local higher high that broke above the pattern's neckline.
This suggests a typical bullish reversal, and the oil price is expected to rise towards 64.40.
Join our Telegram channel for daily market update 👇👇
t.me/TheAceTrading
For paid signal👇👇 t.me/linofx1999
t.me/TheAceTrading
For paid signal👇👇 t.me/linofx1999
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Join our Telegram channel for daily market update 👇👇
t.me/TheAceTrading
For paid signal👇👇 t.me/linofx1999
t.me/TheAceTrading
For paid signal👇👇 t.me/linofx1999
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.