Can oil's price to rise?
🔥 Friends, the market is heating up!
Bears have pushed oil down to a key support level – $72 per barrel. This is the last point where wave (5) of the impulse could start forming.
📉 Bearish scenario: A break below this level could send oil to new yearly lows.
🐂 Bullish scenario: We see a bullish divergence on the H1 chart, and the price is testing the upper boundary of the descending regression channel. If the bulls manage to break $73.52, we consider it reasonable to buy with targets at $75.90 and $78.50.
⚠️ Risk factor: Oil remains highly volatile due to news events.
Additionally, Trump is once again threatening new sanctions on Russia’s oil sector and a 25% tariff on goods from Canada—which the market may see as a potential catalyst for growth.
📊 Trade carefully and don’t forget stop-losses!
What’s your outlook? Share your thoughts in the comments!
Bears have pushed oil down to a key support level – $72 per barrel. This is the last point where wave (5) of the impulse could start forming.
📉 Bearish scenario: A break below this level could send oil to new yearly lows.
🐂 Bullish scenario: We see a bullish divergence on the H1 chart, and the price is testing the upper boundary of the descending regression channel. If the bulls manage to break $73.52, we consider it reasonable to buy with targets at $75.90 and $78.50.
⚠️ Risk factor: Oil remains highly volatile due to news events.
Additionally, Trump is once again threatening new sanctions on Russia’s oil sector and a 25% tariff on goods from Canada—which the market may see as a potential catalyst for growth.
📊 Trade carefully and don’t forget stop-losses!
What’s your outlook? Share your thoughts in the comments!
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.