OIL Approaching Critical Resistance –Will Bulls Hold Control?

71
🔍 Price has broken above the 62.94 resistance and is now approaching the 65.75 resistance. Momentum is bullish, but the next move depends on how price reacts at this level.

📌 Marked Zones:
• Resistance: 65.75 ❌ | 68.70 🔼 | 71.88 🔼
• Support: 62.94 ⚠️ | 59.17 🔽 | 55.15 🔽

📈 Scenarios:
• Bullish Bias: A clean break and retest above 65.75 could open the way to 68.70.
• Bearish Bias: Rejection from 65.75 or failure to hold above 62.94 may lead to a drop toward 59.17.

📘 This is not financial advice. Always trade your plan.

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