US Oil is heading towards a line of 62.4330. If this movement continues, the price of US Oil could test 62.4330 within the next 2 days. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding.
Supports and resistances are primary concepts of technical analysis. US Oil is heading for an important price of 62.4330 – read about what this could mean for the future.
