USOIL 5-12-2023

Technical Analysis

By Shady Fouad On Dec 5, 2023

USOIL 5-12-2023.

prices are currently trading near a significant support level in the range of 72.5. If prices break below this support level, we may see a continuation of the downward trend. On the other hand, if prices rebound higher, we could test the resistance area around 78.5-$80. If prices break above this resistance level, it could be the first signal of a short-term bullish trend reversa.

Support	72.5	–	–
Resistance	76.5	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.

GOLD 5-12-2023

EURUSD 6-12-2023

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