Oil Technical Analysis - Uniglobe Markets

Oil Technical Analysis

Posted on March 13, 2019 at 07:17 AM

The price of oil continues to settle around 56.80, stability above this level is positive and important to confirm the bullish trend. Technical indicators support the bullish trend. Oil continues to rise to 58.80 on condition that the level is not breached at 55.80

Support: 55.55

Resistance: 58.30

Price Trend: The pair is trading above 56.80 with a target of 58.80 as long as it does not breach 55.80

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