Daily Technical Report 26-8-2024

Technical Analysis

By Shady Fouad On Aug 26, 2024

USOIL

Oil has risen to the resistance zone at $75, which, if broken to the upside, could target $76.25. However, if the $74.50 zone is broken to the downside, we may retest the support zone at $73.25.

Support	73.25	71.50	70.50
Resistance	75	76.25	–

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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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