Hello everyone, Oil price is testing the key resistance of 73.70, which is positively influenced by the stochastic index, the price needs to be below this level for the bearish trend scenario to remain valid, which has the next target at 72.12.
On the other hand, it should be noted that the confirmation of the breach of 73.70 will push the price to move higher creating a bullish wave targeting the 75.35 areas initially.
Pivot Price: 73.70
Resistance prices: 75.35 & 76.47 & 78.79
Support prices: 72.12 & 70.95 & 69.53
On the other hand, it should be noted that the confirmation of the breach of 73.70 will push the price to move higher creating a bullish wave targeting the 75.35 areas initially.
Pivot Price: 73.70
Resistance prices: 75.35 & 76.47 & 78.79
Support prices: 72.12 & 70.95 & 69.53
