Geopolitical Heat Fuels Oil Prices, $80 Support in Play
Today, the oil market exhibits significant volatility with escalating geopolitical tensions, potentially targeting the support level at 80. Geopolitical tensions with demand forecasts, notably from the US and China, render the oil market vulnerable.
Resistance 3 |
Resistance 2 |
Resistance 1 |
Support 1 |
Support 2 |
Support 3 |
94 |
89 |
84.7 |
85 |
80 |
78 |