US Oil is moving towards a support line which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If US Oil continues in its current trajectory, we could see it reach 64.3386 within the next 3 days.
Important support line being approached by US Oil. This price has been tested numerous time in the last 12 days
