Market Analysis of USOIL on Wednesday 24 JULY 2024

2024-07-24 15:42Source:BtcDana

Technical Analysis:
Crude oil appears to be bottoming out, and we need a solid closing above 78.6 for confirmation. I'm expecting crude oil to move into Wave 3 on the upside, targeting the 82-83 range in the next few days. Waiting for price confirmation will be an added benefit.

Disclaimer: Trading involves inherent risks and may not be suitable for everyone. Past performance is not indicative of future results. It is important to carefully consider your financial situation and risk tolerance before engaging in trading activities.

More