The oil price succeeded in achieving our first expected target at 86.55, and we note that the price returns to test the pivotal support 84.55, which maintains its consistency in the face of negative pressures so far, so that the bullish trend scenario remains valid for the coming period, waiting to exceed the mentioned target to achieve additional gains up to 88.70.
From here, we continue to favor the upward trend in the immediate term, taking into account that breaking 84.55 will stop the expected rise and put pressure on the price to resume the downward correction, whose next main target is at 81.20.
support 84 and resistance 87
From here, we continue to favor the upward trend in the immediate term, taking into account that breaking 84.55 will stop the expected rise and put pressure on the price to resume the downward correction, whose next main target is at 81.20.
support 84 and resistance 87