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USOIL 27-10-2023.

Technical Analysis
By Shady Fouad
0 54


USOIL 27-10-2023.
prices have  once again tested the crucial support zone at 82.5, as expected. If this support level is broken downwards, we may witness a rapid acceleration in the downward move . However, breaking this zone is not expected to be easy, and we may experience a period of relative price stability instead.

Support

 84.5 82.5 –
Resistance 89 92

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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