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OIL 10.05.2021
Overview:
Prices are moving in an upward direction
Expected scenario:
The pair is trading below a strong resistance level around 69.36, which enhances the downside chances during the day's trading to 68.27
Alternative scenario:
On the other hand, we think that if the level of 69.36 is broken to the upside, this pair might push for further rise, reaching 69.85.
Resistance levels | 69.36 | 69.85 | 70.00 |
Support levels | 68.27 | 68.00 | 67.82 |
*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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