As we heard 2 days ago, President Donald Trump announced new sanctions on Iran.
that causes the USOIL price to jump away and creates new fresh demand,
we can see this new demand in the 1Hour chart, that demand below seems like a great continuation level and I’ll buy there if the price retrace the demand.
on the 1D chart, we can see that the USOIL Price is bullish and probably will stay bullish until reaching the supply above,
that supply will be the target for the buy position and also it’s a great level for sell position for the long Terms.
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