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سپورٹ
فوری اکاونٹ کھولیں
تجارتی پلیٹ فارم
رقم جمع کروانا / نکلوانا

07.08.202319:23 Forex Analysis & Reviews: Bulls remain in control of the trend in Oil.

Exchange Rates 07.08.2023 analysis

Blue lines- bullish channel

Oil price is in negative territory at the beginning of the week as price is trading around $82.35. The week started with a new daily higher high at $83.29. Price remains inside the daily blue upward sloping channel. As long as this is the case, bulls will remain in control of the trend. Support by the channel is found at $80.40. A break below this level would be a bearish signal. The RSI has provided a bearish divergence high (lower high). This is only a warning. Current oil price condition justifies a reversal and a pull back towards $79 at least, but there is no sign of such a reversal in play.

*تعینات کیا مراد ہے مارکیٹ کے تجزیات یہاں ارسال کیے جاتے ہیں جس کا مقصد آپ کی بیداری بڑھانا ہے، لیکن تجارت کرنے کے لئے ہدایات دینا نہیں.

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