04:14 pm (GMT +0300)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.
Price Action
Monday, June 14 2021
04:14 pm (GMT +0300)
30 minutes Timeframe
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
Profit Levels
Target 1
71.55
Target 2
71.64
Target 3
71.82
Target 4
72.05
Entry
71.37
Stop Loss
70.92
Trend Confirmation
Momentum
LWMA
MACD
Price Action
Monday, June 14 2021
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
Profit Levels
Target 1
71.55
Target 2
71.64
Target 3
71.82
Target 4
72.05
Entry
71.37
Stop Loss
70.92
Trend Confirmation
Momentum
LWMA
MACD