Intraday technical summary: key resistance at 61.45.
Our preference: short positions below 61.45 with targets at 61.00 & 60.65 in extension.
Alternative scenario: above 61.45 look for further upside with 61.85 & 62.35 as targets.
Comment: the RSI is mixed to bearish.
Supports and resistances:
62.35 61.85 61.45
61.15 Last seen
61.00 60.65 60.15
Oil daily technical overview
Closing price: (61.33)
Target price: None at the moment
Resistance: 62.48*+/-, 63.15+/-
Support: 60.88, 60.09*-, 59.30
Trend: Sdwys/Down / daily
Trend reversal price: 62.48 / daily close
Comment: The market is still caught in a short term negative pattern, but rebounds should be stopped against 62.48* resistance to enable a roll back to selloffs. A close over 62.48* marks a bull turn and could run trade back to 64.00+. A close under 60.09* will renew selloffs to 59.30 and possibly lower.
Add a Comment
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.