Oil has recently made an attempt to settle above the resistance at $53.80 but failed to gain additional upside momentum and pulled back. At this point, oil needs to settle back above $53.30 to have a chance to get to the test of the recent highs. A move above the resistance at $53.80 will push oil towards the next resistance level which is located at $54.40.
On the support side, oil continues to get material support near $52.70. If oil settles below this level, it will head towards the $52 level. A successful test of this level will open the way to the test of the support at $51.50.
On the support side, oil continues to get material support near $52.70. If oil settles below this level, it will head towards the $52 level. A successful test of this level will open the way to the test of the support at $51.50.
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Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.