With the strong demand for travel, unemployment back at 3.9% and less travel restrictions this is where we believe oil will trade.
Resistance Levels:
Support Levels:
If we see widespread market selling due to what most are expecting a 15% correction or more, we can see oil fall below $60.
Resistance Levels:
- $85
- $83
- $77
Support Levels:
- $66
- $62
- $60
- $43
If we see widespread market selling due to what most are expecting a 15% correction or more, we can see oil fall below $60.
Comment:
Get ready for some more pain in the economy, markets, and gas station.
