Yesterday, Oil finished another session in the red, erasing all the gains of last week's bullish movement. Oil is currently leaning on its EMA20, and its 46.29 support level, which breaching will send it south to 44.4, with 45.63 as a primary objective.
Oil will have 47.23 as a resistance, which breaking out will send it to 47.63.
The daily Pivot Point is around 47.14. The daily support levels are around 45.85 and 45.15. The daily resistance levels are around 47.85 and 49.13.
Oil will have 47.23 as a resistance, which breaking out will send it to 47.63.
The daily Pivot Point is around 47.14. The daily support levels are around 45.85 and 45.15. The daily resistance levels are around 47.85 and 49.13.
