Daily Technical Report 20-6-2024

Technical Analysis

By Shady Fouad Last updated Jun 20, 2024

USOIL

Oil is trading around the resistance area of $80.50. If it successfully breaks above this level, prices could target the $82.75 area. However, it is more likely that prices will retest the secondary support area of $78 in the upcoming trades.

Support	78.30	77	76
Resistance	80.50	82.75	–

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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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