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

24.08.202316:14 Forex Analysis & Reviews: Technical analysis on Oil for August 24th, 2023.

Exchange Rates 24.08.2023 analysis

Red lines- bullish channel

Blue line- resistance trend line

Green lines- Fibonacci extension targets

Oil price is trading around $79. Today has been a volatile day as price fell towards $77.60 only to form a double bottom and return to the $79 price level. In the near term Oil price is oversold and a bounce towards $81.40 is justified. We do not forget that price broke out of a bullish channel and is now in a corrective phase. Oil price justifies a bounce higher towards the blue downward sloping resistance trend line. Our target of $76.50 remains our priority.

*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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