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TECHNICAL ANALYSIS

We provide an up-to-date Technical Analysis reports of the forex market, metals, oil and global indices to highlight the most important expected movements on the charts.

Oil 17.8.2023

Technical Analysis

Thursday, August 17, 2023 - 13:36

Point Trader Group

Oil 17.8.2023

General trend: up.
Expected scenario:
The pair is trading above the level of 83, which enhances the chances of its rise to reach 85.
Alternative scenario:
The scenario fails and turns into a decline, with a break of 82.50, targeting 82.00-81.50.
The most important levels
resistance:
85.00 - 86.00
support:
82.50 - 82.00

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