USOIL 16-11-2023
In yesterday’s trading, oil prices tested the support level at $76 as expected. This sets the stage for a potential retest of the resistance level at $80. However, if the previously mentioned support level is broken, this scenario would no longer be valid.
Support |
76 | 75.25 | 74.5 |
Resistance | 78.5 | 79.25 |
80.33 |