Oil Technical Analysis - Uniglobe Markets

Oil Technical Analysis

Posted on March 15, 2019 at 08:18 AM

The price of oil continues to settle around 58.60, stability above this level is positive and important to confirm the bullish trend. Technical indicators support the bullish trend. Oil continues to rise to 60.60 as long as the 57.60 level is not breached.

Support: 57.35

Resistance: 60.30

Price Trend: The pair is trading above 58.60 targeting 60.60 as long as it does not breach 57.60

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