Price Action

Monday, June 14 2021
OIL
04:14 pm (GMT +0300)
30 minutes Timeframe

Oil has been trading between the support at 70.92 and the resistance at 71.37.  A higher thrust above the swing level at 71.37 will trigger a buy signal with immediate targets at 71.55 and 71.64.  A protective stop loss at 70.92 is highly recommended.

Should the commodity manage to breach the support level at 70.92 it will eliminate the bullish scenario, generating a sell signal.

Price Action Outlook:

Bullish
direction

Profit Levels

direction
Target 1
71.55

direction
Target 2
71.64

direction
Target 3
71.82

direction
Target 4
72.05

entry
Entry
71.37
entry
Stop Loss
70.92

Trend Confirmation

Momentum
direction
LWMA
direction
MACD
direction

Price Action

Monday, June 14 2021
OIL
04:14 pm (GMT +0300)
30 minutes Timeframe

Oil has been trading between the support at 70.92 and the resistance at 71.37.  A higher thrust above the swing level at 71.37 will trigger a buy signal with immediate targets at 71.55 and 71.64.  A protective stop loss at 70.92 is highly recommended.

Should the commodity manage to breach the support level at 70.92 it will eliminate the bullish scenario, generating a sell signal.

Price Action Outlook:

Bullish
direction

Profit Levels

direction
Target 1
71.55

direction
Target 2
71.64

direction
Target 3
71.82

direction
Target 4
72.05

entry
Entry
71.37
entry
Stop Loss
70.92

Trend Confirmation

Momentum
direction
LWMA
direction
MACD
direction