The price of oil is finding it difficult to continue rising, showing some bearish tendency and approaching the $76.00 barrier. We believe that opportunities are available to resume the expected upward trend in the immediate term, whose next target is at 77.00, 78.00.
Therefore the upward scenario will be more likely during coming period ,While the 50 moving average provides support for the price from below, keeping in mind that breaking 76.00 and holding below it will stop the expected rise and put pressure on the price to make some downward correction before returning to the rise again.
The expected trading range for today is between support 75.06 and resistance 78.97 until stabilized .
support line : 76.00 , 75.06 resistance line : 77.06 , 78.00
Attention : We don't have any group in telegram be careful about scammer.
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️