Main Quotes Calendar Forum
flag

FX.co ★ Oil remains trapped inside the triangle pattern.

parent
Forex Analysis:::2023-03-08T20:28:22

Oil remains trapped inside the triangle pattern.

Oil remains trapped inside the triangle pattern.

Black lines- triangle pattern

In our previous analysis on Oil price we mentioned that Oil price is trapped inside a triangle pattern and that we were approaching key resistance area. Oil price reached as high as $80.93 on an intraday basis but bulls got rejected and turned lower. For a second day on a row price is under pressure after getting rejected at the upper channel boundary. $73-$73.50 remains our pull back target and key support.

Analyst InstaForex
Share this article:
parent
loader...
all-was_read__icon
You have watched all the best publications
presently.
We are already looking for something interesting for you...
all-was_read__star
Recently published:
loader...
More recent publications...