FenzoFx—Crude Oil maintained its bullish trend with an ideal dip for entry on July 25. Stochastic and RSI 14 indicate overbought conditions, suggesting intensified buying pressure. A breakout seen yesterday reinforces the bullish bias.
Our projection remains optimistic, targeting a move toward the Fair Value Gap zone, extending to $73.8. However, if Oil closes below the $69.3 support, the bullish outlook will be invalidated.
Our projection remains optimistic, targeting a move toward the Fair Value Gap zone, extending to $73.8. However, if Oil closes below the $69.3 support, the bullish outlook will be invalidated.
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Knowledge Should Be Free – And So Is Your Path to Trading Success.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.