OIL 08.06.2021
Overview:
Prices are moving in a medium term uptrend.
Expected scenario:
The pair is approaching a strong resistance level around $72, which could push it down to $71.
Alternative scenario:
On the other hand, we see that if the level of 72.15 is broken upwards, it may push the pair to rise further to reach $73.
| Resistance levels | 72.00 | 72.15 | 73.00 |
| Support levels | 71.00 | 70.70 | 70.41 |
*Risk Disclaimer: Point Trader Group will not accept liability for any loss or damage as a result of reliance on the provided information.
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