USOIL 17-1-2024

Technical Analysis

By Shady Fouad Last updated Jan 17, 2024

USOIL 17-1-2024.

Prices are currently trading on the short-term in a narrow sideways range between the crucial support and resistance zones at $74 and $70, respectively. If the price breaks above the $74 level, we may target the $76 zone. However, on the short-term, it is more likely to first test the support zones around $70.

Support	70.15	69.50	68
Resistance	74	74.30	75.5

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.

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