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USOIL 12-10-2023 .

Technical Analysis
By Shady Fouad
0 65


USOIL 12-10-2023 .
Prices fell in yesterday’s trading after prices approached the 88 resistance zone, where selling pressure appeared, which led to prices falling to the support zones again, and it is expected that a buying force may appear in that zone, which may limit the pace of decline, on the other hand in case of breaking the 82.50 support zone, prices may resume the downward path .

Support

 83.5 82.5 –
Resistance 88 91

95
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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