Oil is nearing the Daily MA600 and Horizontal Support around $70. A bounce would be likely.
Comment:
Oil had a nice bounce at the MA600, which obviously has increased above $70 since posting this two months ago.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.