empty
 
 
05.07.2022 03:26 PM
Short-term technical analysis on OIL.

This image is no longer relevant

Green line- support trend line

Oil prices are again under pressure. With price forming lower highs, it is most probable that Oil prices will continue lower towards $102 and maybe lower. Short-term support by the green support trend line is found at $105.60. Oil price is vulnerable to a break below 105 specially if the recent higher low at $104.55 is broken. Resistance is at the recent lower high of $111.43 and as long as price is below this level, we remain pessimistic for the short-term. Oil price could very well move below $100 over the next few sessions.

通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback