Oil price trading stabilizes at the level of 84.55 after the strong decline witnessed yesterday, and we are likely to break this level to open the way for a continuation of the downward correction during the coming sessions, remembering that our next target reaches 81.20.
Moving average 50 continues to support the proposed bearish wave, taking into account that failure to break 84.55 will push the price to recover and achieve gains starting at 87.15 and extending to 88.70.
support 83.00 and resistance 86.00
Moving average 50 continues to support the proposed bearish wave, taking into account that failure to break 84.55 will push the price to recover and achieve gains starting at 87.15 and extending to 88.70.
support 83.00 and resistance 86.00