#Oil #Russia #sanctions
🇪🇺The Group of Seven price ceiling on Russian seaborne oil came into force on Monday as the West tried to limit Moscow's ability to finance its war in Ukraine. However, Russia, the world's second-largest oil exporter, said it would not accept the cap, even if it had to cut production.
It is massively bullish news for the XBRUSD, which has formed an inverted head and shoulders pattern.
🕊If the price breaks above the neckline (88.80 resistance level), it might reach 91.50 and 94.65.
🟢Trade: BUY
⭐️Entry: On the breakout above the 88.80 resistance
🎯Targets: 91.50, 94.65
🤔Are you trading XBRUSD?
✅START TRADING ✅
🇪🇺The Group of Seven price ceiling on Russian seaborne oil came into force on Monday as the West tried to limit Moscow's ability to finance its war in Ukraine. However, Russia, the world's second-largest oil exporter, said it would not accept the cap, even if it had to cut production.
It is massively bullish news for the XBRUSD, which has formed an inverted head and shoulders pattern.
🕊If the price breaks above the neckline (88.80 resistance level), it might reach 91.50 and 94.65.
🟢Trade: BUY
⭐️Entry: On the breakout above the 88.80 resistance
🎯Targets: 91.50, 94.65
🤔Are you trading XBRUSD?
✅START TRADING ✅
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