US OIL broke above the 85.00 price level earlier in April and has been between the 85.00 and 90.00 level.
We can see the 85.00 level holding as a strong support level.
Waiting to see what price does here. Looking for buys if it bounces back off again, if it breaks down from this price, will look for a retest before selling.
We can see the 85.00 level holding as a strong support level.
Waiting to see what price does here. Looking for buys if it bounces back off again, if it breaks down from this price, will look for a retest before selling.
The price came back to the level shortly after, breaking and retesting the area of support marked around the 85.00 level reaching the 82.50 level.