Technical Analysis Post

USOIL Post Reversal 26.02.2024

| 26 February, 2024 at 09:52 GMT

USOIL Post Reversal 26.02.2024 by BDSwiss_Academy on TradingView.com

On the 23rd Feb, the price moved below the MA and dropped heavily, reaching the support near 76 USD/b. Retracement is possible as depicted on the chart.

Will the support hold? The alternative scenario which is less probable, could cause the price to drop to 75.5 USD/b.

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