Oil slipped 12.63%, the biggest decline since April 2020, and now trading at 72.5 USD/Barrel.
I think 75-77 is playing the resistance rule once again and OIl could go down to 62 by the end of 2021 if more countries start lockdowns and travel restrictions!
The most probable scenario could be fluctuating between 62-77 in the coming weeks.
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
I think 75-77 is playing the resistance rule once again and OIl could go down to 62 by the end of 2021 if more countries start lockdowns and travel restrictions!
The most probable scenario could be fluctuating between 62-77 in the coming weeks.
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.