Oil price tests support
Hello everyone,The oil price is facing negative pressure to test the 77.86 level, and the price needs to remain above this level for the bullish trend scenario to remain effective, waiting for a breach of the 79.63level to facilitate the task of rushing towards our next positive target at 81.23 .
On the other hand, we note that breaking 77.86 will stop the positive scenario and push the price to turn lower, heading towards visiting the 75.49 areas in the near term.
Pivot Price: 77.86
Resistance Prices: 79.63 & 81.23 & 83.41
support price: 75.49 & 73.80 & 72.12
The general trend expected for today: bullish
On the other hand, we note that breaking 77.86 will stop the positive scenario and push the price to turn lower, heading towards visiting the 75.49 areas in the near term.
Pivot Price: 77.86
Resistance Prices: 79.63 & 81.23 & 83.41
support price: 75.49 & 73.80 & 72.12
The general trend expected for today: bullish
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