Oil Prices Signal Further Declines

Oil Prices Signal Further Declines

Oil prices have exhibited a downward trajectory, breaching the pivotal $77.5 mark. This breach has set the stage for potential further declines.

The first significant support level is anticipated near the $76.8 zone, followed closely by a more robust floor around the $76.

Investors and traders are advised to exercise caution due to the ongoing conflict in the Middle East.
The geopolitical tensions have historically been a catalyst for market fluctuations, and the current situation is no exception.

You may find more details in the chart!
Thank you and Good Luck!

❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️

Commento:

Trade chiuso: obiettivo raggiunto:

OIL - first target reached and it can move down more