The movement of US Oil towards 78.4190 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.
ARTÍCULOS RELACIONADOS
After testing the resistance line numerous times, US Oil is once again approaching this line. Can we expect a bullish trend to follow?
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Supports and resistances are primary concepts of technical analysis. Brent Crude is heading for an important price of 80.6665 – read about what this could mean for the future.
A strong support level has been identified at 80.6665 on the 1 hour Brent Crude chart. Brent Crude…