OIL price resumes decline
hello everyone,The price of oil begins today’s trading with strong negativity, reinforcing expectations of a continuation of the downward trend, and the way is open to achieving our negative targets that start at 75.49 and extend to 73.80.
The Stochastic indicator is providing clear negative signals now, to support the proposed bearish trend scenario, which is organized within the bearish channel that appears on the chart, with a reminder that stability below the 77.60 level is important to achieve the proposed goals.
Pivot Price: 76.83
Resistance Prices: 79.18 & 80.80& 82.74
support price: 75.49 & 73.80 & 72.12
The general trend expected for today: bearish
The Stochastic indicator is providing clear negative signals now, to support the proposed bearish trend scenario, which is organized within the bearish channel that appears on the chart, with a reminder that stability below the 77.60 level is important to achieve the proposed goals.
Pivot Price: 76.83
Resistance Prices: 79.18 & 80.80& 82.74
support price: 75.49 & 73.80 & 72.12
The general trend expected for today: bearish
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