With the strong demand for travel, unemployment back at 3.9% and less travel restrictions this is where we believe oil will trade.
Resistance Levels:
Support Levels:
If we see widespread market selling due to what most are expecting a 15% correction or more, we can see oil fall below $60.
Resistance Levels:
- $85
- $83
- $77
Support Levels:
- $66
- $62
- $60
- $43
If we see widespread market selling due to what most are expecting a 15% correction or more, we can see oil fall below $60.
Note
Get ready for some more pain in the economy, markets, and gas station.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.