During the past month, Oil reached a significant resistance level of $67. As someone should expect the price fell back sharply to $63 and to $58 within two weeks of time. Then the price started rising again and finally at $61 level.
Oil has to pass two significant resistance levels to continue the bullish trend. The first is at $62 and the second one is around $63. If Oil can close the price above $63, or keep the price above $63 for two market sessions Oil could go to retest the level at $67.
The most likely scenario is Oil would continue the downtrend movement until it reaches $57.5 and $55.
Oil has to pass two significant resistance levels to continue the bullish trend. The first is at $62 and the second one is around $63. If Oil can close the price above $63, or keep the price above $63 for two market sessions Oil could go to retest the level at $67.
The most likely scenario is Oil would continue the downtrend movement until it reaches $57.5 and $55.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.