USOIL 20-12-2023

Technical Analysis

By Shady Fouad On Dec 20, 2023

USOIL 20-12-2023.

Prices rose from a crucial support zone within the range of $68 until it reached the important resistance zone within the range of $72.5 and breached it . With this, we may target the zone of $78.5. This scenario is invalidated if prices re-break below the $72.5 zone.

Support	73	72	68
Resistance	74.5	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.

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