Crude Oil has seen a recent rally from $70 to $81 current resistance level . It has formed a smaller inverse head and shoulder pattern within the parallel channel. Breakout of the resistance level at $81 could have a best case potential target of $93 ( measured inverse head and shoulder target), which also coincides with previous pivot highs resistance levels ( #4).
In between we have other significant resistance levels to break #2 ( Parallel channel in white) and #3 (200 EMA).. Failure to break the current resistance level at $81 could drag the Crude back to next lower target around $65.. Let me know your thoughts in comments.
In between we have other significant resistance levels to break #2 ( Parallel channel in white) and #3 (200 EMA).. Failure to break the current resistance level at $81 could drag the Crude back to next lower target around $65.. Let me know your thoughts in comments.
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Crude Oil pulling back today after hitting resistance level 1 at $81
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.