ElenaMayi

US OIL WTI 4H ( uptrend)

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TVC:USOIL   WTI 原油差价合约
US OIL

Analyze

Crude oil price shows some bullish tendency to move above 70.00, waiting for break and stabilized above resistance line 70.45 after tested the strong support zone 68.06 - 69.19

currently , stabilized above 70.40 is important to achieve the suggested targets, as breaching it will push the price to build a bullish wave, with its main targets starting at 71.40. noting that breaking level 70.45 will open the way to targeting 71.40, 72.76 and 74.32


as for renewing the bearish attempts ,consolidation below 70.45 will force the price to retest again to 69.19 and 68.06 and then will start again bullish attempts


support line : 74.45 , 69.19 , 68.06
resistance line :71.40 , 72.76 , 74.32

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