USOIL(WTI) in the early month of June made gains in a localized ascending channel since 4th Jume from $72.497 to $78.98 but the $79 price remains a strong resistance to the price ascension.
As long as $79 and $78.55 remains resistance, USOIL (WTI) could fall to the $76.5 with potential further extension of the losses to $75 in the coming days.
Resistance 1: 78.95
Resistance 2: 78.54
Support 1 : 77.3
Support 2 : 76.5
Support 3: 75.0
As long as $79 and $78.55 remains resistance, USOIL (WTI) could fall to the $76.5 with potential further extension of the losses to $75 in the coming days.
Resistance 1: 78.95
Resistance 2: 78.54
Support 1 : 77.3
Support 2 : 76.5
Support 3: 75.0
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