The movement of Brent Crude towards 64.3930 price line is yet another test of the line it reached numerous times in the past. We could expect this test to happen in the next 2 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current lines.
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A possible move on US Oil as it heads towards resistance
US Oil was identified at around 61.4895 having recently rebounded of the support on the 1 hour data…
A possible move on Natural Gas as it heads towards support
Natural Gas was identified at around 3.2975 having recently rebounded of the resistance on the 4 hour data…
Supports and resistances are primary concepts of technical analysis. US Oil is heading for an important price of 62.3310 – read about what this could mean for the future.
US Oil is about to retest a key horizontal resistance level near 62.3310. It has tested this level…