US Oil is moving towards a line of 67.6485 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If US Oil continues in its current trajectory, we may see it move towards 67.6485 within the next 23 hours.
After testing 67.6485 numerous times, US Oil is once again approaching this price point. Can we expect a bearish trend to follow?
