Oil Prices Face a Challenge with 50MA, Trend Bearish
The 50-day moving average (50MA) poses a challenge for the price, as it could potentially lead to a reversal. Meanwhile, the path of the oil price remains uncertain. Currently, the resistance area is between 74 and 76, with support found at 68. The trend is currently bearish in an accumulation phase.
Resistance 3 |
Resistance 2 |
Resistance 1 |
Support 1 |
Support 2 |
Support 3 |
81 |
78 |
74 |
70 |
68 |
64.9 |