US Oil Update - Oct 02 2024
Looking at US oil chart, it seems the chart is creating a bullish structure at the moment.
Price is currently just below the 71.6 - 72.4 resistance zone. A daily close above the resistance will probably activate the higher targets of 76.0 and the 78.3.
The apparent bullish behavior of the chart hints that the current geopolitical fights in the Middle-East will probably worsen and situation will get more intense!
A strong push through the 78.3 level can potentially lead to the higher target of 82.
#USOIL
Price is currently just below the 71.6 - 72.4 resistance zone. A daily close above the resistance will probably activate the higher targets of 76.0 and the 78.3.
The apparent bullish behavior of the chart hints that the current geopolitical fights in the Middle-East will probably worsen and situation will get more intense!
A strong push through the 78.3 level can potentially lead to the higher target of 82.
#USOIL
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