Oil Stagnates Near $79-80 Amid Resistance
Oil continues to hover around the 79-80 level, where the resistance level from the upper parallel of the bearish channel continues to act as resistance. A breakout will take the price towards 82, while a reversal will bring the price down to 76.
Resistance 3 |
Resistance 2 |
Resistance 1 |
Support 1 |
Support 2 |
Support 3 |
84 |
82 |
80 |
76 |
73 |
70 |