Oil prices are threatening a major breakout here after clearing resistance yesterday at the objective 2024 yearly open near 72.14.
The focus is on todays close with respect to the 61.8% retracement at 73.90. A daily close above would keep the focus on a possible rally towrads the 78.6% retracement at 75.89 and the October high-close at 77.25- note the highlighted slope confluence (look for a larger reaction there IF reached).
Initial support back at 72.14 with bullish invalidation now raised to 71.02.
MB
The focus is on todays close with respect to the 61.8% retracement at 73.90. A daily close above would keep the focus on a possible rally towrads the 78.6% retracement at 75.89 and the October high-close at 77.25- note the highlighted slope confluence (look for a larger reaction there IF reached).
Initial support back at 72.14 with bullish invalidation now raised to 71.02.
MB
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면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.