USOIL - BEARISH TOWARD 69.51

25 Eyl

Generally, the direction is uptrend

Uptrend Side: The oil price is currently trading below 71.53 and is expected to reach 69.51. A break below this level may lead to a decline toward 68.00.

Downtrend Side: However, breaking above 71.53 will lead to a further decline, targeting the support at 73.80.

Tendency Keys: 71.53

25 Eyl

Not

Oil prices steadied on Wednesday after rising in the previous session on fading excitement for the economic stimulus in China, the world’s biggest crude importer, though an industry report showing falling U.S. crude and fuel inventories supported the market.

25 Eyl

İşlem kapandı: hedefe ulaştı

the oil price fell and reached our target of 69.51.

26 Eyl

İşlem kapandı: hedefe ulaştı

The price reached our target of 68.00.

26 Eyl

İşlem kapandı: hedefe ulaştı

REACHED SECOND TARGET +355 PIP

26 Eyl

İşlem aktif

Before the price begins its bearish trend towards 68.00 and further down to 65.21, it is likely to make a correction towards 69.51 or slightly above. After this correction, it is expected to resume the downtrend.

27 Eyl

İşlem kapandı: hedefe ulaştı

According to my last analyses, the price fell and stabilized below 68.00.

Currently, it is in the correction process toward 68.00, then the price should fall until it touches 65.21.