In the event that we break out the previous high at 76.88 we will face the psychological barrier of 80 altogether with the ascending upper trendline of the channel.
Current levels are a clear SELL from the technical and fundamental point of view.
Failing to control prices will lead straight to 90 bucks.
On the downside we have established a new floor between 57 to 61 bucks so everyone should be more than happy with prices at such levels.
Having into account the current trend should help you to take decisions whether you are a bull or bear in OIL.
Current levels are a clear SELL from the technical and fundamental point of view.
Failing to control prices will lead straight to 90 bucks.
On the downside we have established a new floor between 57 to 61 bucks so everyone should be more than happy with prices at such levels.
Having into account the current trend should help you to take decisions whether you are a bull or bear in OIL.