WTI Remains Bullish as Price Approaches $72 Support Following OPEC and US Strategic Stock Dynamics
WTI is persisting in its bearish movement with a pessimistic outlook as ongoing fundamentals exert downward pressure. The price is approaching the support level of 72. OPEC and Saudis might seek avenues to bolster oil's advancement, as they express dissatisfaction with current levels. Additionally, the replenishment of the US strategic stock may contribute to an upward push for oil.
Resistance 3 |
Resistance 2 |
Resistance 1 |
Support 1 |
Support 2 |
Support 3 |
82.20 |
80 |
78 |
72 |
68 |
66 |