USOIL 7-12-2023

Technical Analysis

By Shady Fouad On Dec 7, 2023

USOIL 7-12-2023.

Oil prices broke below the significant support level at $72.5 indicates a potential target of $68. However, this scenario would be nullified if prices once again rise above $72.

Support	68.5	67	–
Resistance	72.5	76.5	78.5

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.

USDJPY 7-12-2023

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