SimpleFX Blog
    Facebook Twitter Instagram
    Tuesday, June 28
    Facebook Twitter LinkedIn Telegram YouTube
    SimpleFX BlogSimpleFX Blog
    Banner
    • Home
    • News
    • Tutorials
    • Updates
    • Opinion
    • Trading Academy
    • Trading Schedule
    SimpleFX Blog
    Home»Analysis»An Exceptional Trading Opportunity on USOIL!
    Analysis

    An Exceptional Trading Opportunity on USOIL!

    Zach WrightBy Zach WrightFebruary 4, 2020Updated:February 5, 2020No Comments1 Min Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email

    The current USOIL structure shows us that after rebounding from the upper bound of the yellow channel, we saw a rapid decline to 49.36.

    The market has almost reached this support level, which is on the lower bound of the yellow channel. In case of a rebound from this level, we will see the market grow in the direction of its upper wall and the resistance of 64.72.

    If the bears manage to break below the support of 49.36, then they will be able to continue the price decline, but it is difficult to predict to what levels this decline will continue at the moment.

    We will continue to observe the price behavior in the following reviews.

    commodities featured
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleWill USDCAD Break Out From the Channel?
    Next Article Tesla Rally: SFX Traders Made 187% in Two Days
    Zach Wright

    Related Posts

    A Possible Rebound Scenario for Japanese Stocks?

    June 28, 2022

    How Long the Recent LTCUSD Run Can Last?

    June 24, 2022

    Is BMW Worth It After the New China EV Plant Activation?

    June 23, 2022

    Leave A Reply Cancel Reply

    Copyright © 2022. SimpleFX
    • SimpleFX WebTrader
    • Unilink Affiliate Tracker

    Type above and press Enter to search. Press Esc to cancel.

    We and our partners use cookies for analytics purposes and to serve personalized ads. You can view our privacy policy here and our cookies policy here
    Accept.
    Privacy & Cookies Policy

    Privacy Overview

    This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
    Necessary
    Always Enabled
    Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
    Non-necessary
    Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
    SAVE & ACCEPT