oil
Oil weekly technical analysis
Oil, as we mentioned last week, fell and formed the top of the week from the mentioned resistance area, and the support area was targeted.
Now, the decline is expected to continue in case the four-hour candle closes below the 78.79 level, to target the support area at 75.01 levels, from which we expect the week’s bottom to form.
But in the event that a four-hour candle closes above the level of 79.63, we expect the rise to continue and target the resistance area at 82.55 levels, from which we expect the week’s top to form.
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