Oil is currently trying to settle above the $51 level. RSI is close to the overbought territory but there is still plenty of room to gain momentum. If oil settles above $51, it will head towards the next resistance at $51.50. A move above this level will push oil towards the $52 level.
On the support side, the nearest support level for oil is located at $50.50. In case oil gets below this level, it will decline towards the $50 level. A move below the psychologically important $50 level will be a disappointment for the bulls. In this case, oil will likely gain downside momentum and move towards the support at $49.40.
On the support side, the nearest support level for oil is located at $50.50. In case oil gets below this level, it will decline towards the $50 level. A move below the psychologically important $50 level will be a disappointment for the bulls. In this case, oil will likely gain downside momentum and move towards the support at $49.40.
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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.