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USOIL 27-11-2023

Technical Analysis
By Shady Fouad
0 24

USOIL 27-11-2023

The prices in yesterday’s trading session dipped but quickly rebounded before reaching the support zone at $72.50. If the prices manage to break through the $78.5-$80 resistance levels, it could signal a potential shift in the short-term trend to the upside. However, it is unlikely that breaking through these resistance levels will be easy.

Support

 73.75 72.5 68.5
Resistance 76.8 78.5

80
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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