USOUSD | Decoding Crude Oil’s Next Move | Commodities
In today’s episode, we dive into the 4-hour chart of USOUSD and ask if it will maintain support at 76.77 and kick-start a fresh continuation?
Today’s focus: USOUSD
Pattern – Continuation 4H
Support – 76.77
Resistance – 77.64 – 78.20
Will we see a new short/medium uptrend develop on USOUSD, or could we see resistance rule out and price break lower, testing the support?
Good trading.
Oil | USOUSD | Commodities | Commodity Trading | Price Action | Technical Analysis | Trend Analysis | Chart Patterns | Technical Indicators | Continuation Patterns
* The information provided on this page are the opinions of the author and do not necessarily reflect the opinions of Eightcap and are not endorsed by Eightcap.
Any person acting on the information presented on this page does so entirely at their own risk. No representation or warranty is given as to the accuracy or completeness of this information. Any research provided does not have regard to any specific investment objectives, financial situation and needs of any specific person who may receive it.
Margin trading involves a high level of risk and may not be suitable for all investors. You should carefully consider your objectives, financial situation, needs and level of experience before entering into any margined transactions with Eightcap, and seek independent advice if necessary.