English
OIL 28.10.2021
Overview:
The above chart shows that the pair is trading in a short-term downtrend
Expected scenario:
The pair is approaching a strong support level around 80.78 - 80.60, and accordingly we will wait for the pair until it reaches these levels, and in the event of positive signs appearing, we may buy to target 82.30
Alternative scenario:
On the other hand, we see that if the 80.60 level is broken down, it may push the pair down to 80 dollars
Resistance | 82.00 | 82.40 | 82.69 |
Support | 80.78 | 80.60 | 80.00 |
Disclosure of risk: Point Trader Group will not accept liability for any loss or damage as a result of reliance on the provided information.
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