Oil marches toward the most important level in the past 10 years
Multi-Timeframe Analysis:
Hourly Chart: Moving toward the the upper border of the regression channel.
Daily Chart: Moving toward 75.5-77
Weekly Chart: Just below the resistance
Monthly Chart: Just below the resistance
Conclusion: 77 was the most important level in the past 10 years.
There will be no significant resistance if Oil price manages to close above 77.
Hourly Chart: Moving toward the the upper border of the regression channel.
Daily Chart: Moving toward 75.5-77
Weekly Chart: Just below the resistance
Monthly Chart: Just below the resistance
Conclusion: 77 was the most important level in the past 10 years.
There will be no significant resistance if Oil price manages to close above 77.
Comment:
Oil failed to pass the resistance..!
