USOil | New perspective for the week | Follow-up detailLast week's trading session saw Oil prices jump as Russia respond to the G7’s price caps by announcing production cuts by 500,000 bpd (accounting for 5% of its output in March) and its own minimum price structure. We were opportune to be part of the bullish momentum (see link below for reference purposes) which later capped at the key level at the $80.00 mark at end of the week. In this video, we looked at the current market structure from a technical standpoint where the $80 zone will be our center of focus at the beginning of the new week.
00:30 Reference to last week's daily commentaries and results
02:52 USOil Technical analysis on Daily chart
07:04 USOil Technical analysis on 4H Timeframe against next week
08:00 Conclusion on next week's expectation for the USOil
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