US Oil was identified at around 63.741 having recently rebounded of the resistance on the 30 Minutes data interval. Ultimately, the price action of the stock has formed a Channel Down pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 61.4376 level.
Related Posts
Will Gold Spot break through the support level it tested before?
The movement of Gold Spot towards 3370.6250 price line is yet another test of the line it reached…
Silver Spot – approaching a resistance line that has been previously tested at least twice in the past
Silver Spot is heading towards the resistance line of a Rising Wedge and could reach this point within…
Important price line being approached by Natural Gas. This price has been tested numerous times before.
Natural Gas is moving towards a resistance line. Because we have seen it retrace from this level in…