WTI Oil Faces Resistance at 72.90, Potential Reversal to 78.00 in Sight
WTI oil is encountering resistance at the 72.90 level, as the rebound in oil prices hints at a potential reversal. This shift could begin after a breakout above this resistance level, with 78.00 being the next target. The change in momentum is supported by fundamentals that are increasingly favoring oil's upward movement.
Resistance 3 |
Resistance 2 |
Resistance 1 |
Support 1 |
Support 2 |
Support 3 |
80 |
78 |
72.90 |
68 |
65 |
63 |