USOIL 6-2-2024

Technical Analysis

By Shady Fouad Last updated Feb 6, 2024

USOIL 6-2-2024.

prices have broken below the support zone at $74 and are currently trading near a secondary support zone around $72.50. It is likely that buying power will emerge in this area, potentially limiting the downside momentum.

Support	72.5	70.5	70
Resistance	74	75	76.5

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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