Oil is sitting right on its immediate support at $58.30–58.50. If this area cracks, price may slide toward the deeper floor at $55.
Upside, first resistance sits at $59.20–59.60, but the real breakout zone is $60–60.50. A strong push above this could open the path toward $62.50–63.00.
Market is compressing — breakout direction will decide the next trend leg.
For more : https://t.co/PUntR5EMpS
Disclaimer: The views expressed are solely those of the author and do not represent the official position of Followme. Followme does not take responsibility for the accuracy, completeness, or reliability of the information provided and is not liable for any actions taken based on the content, unless explicitly stated in writing.
Like this article? Show your appreciation by sending a tip to the author.
Leave Your Message Now