The5%ers Blog

It Seems The USOIL Price On It’s Way To 75.00 Zones

continuation demand usoil 23-4

As we heard 2 days ago, president Donald Trump announced about new sanctions on Iran, that cause 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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