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USOIL 4-12-2023

Technical Analysis
By Shady Fouad
0 34

USOIL 4-12-2023

The price witnessed a decline  near a key resistance $78.5 and $80 ,  If  prices managed to  break above, it will be the first sign of a short-term bullish trend reversal. However, if the prices break below the important support zone at 72.5, we will resume the bearish trend.

Support

 72.5 – –
Resistance 76.5 78.5

80
Shady Fouad

Shady Fouad is a technical analyst at LDN Company
Shady's strategic vision in the currency markets is reinforced by more than fifteen years of trading experience, which enables him to blend economic and technical analyzes with high efficiency, and find the best investment ideas for traders.

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