Oil price makes slight gains

Hello everyone, The price of oil is fluctuating quietly positively, approaching the moving average of 50, which constitutes sub-resistance in front of the price, and we still expect the bearish bias in the intraday term with the price remaining below 77.86, waiting to test the 74.81 level as the next main target.


It should be noted that breaching 77.86 will stop the expected decline and lead the price to build an ascending wave whose main targets start at 79.32

Resistance prices: 79.32 & 81.23 & 82.81
Support prices: 74.81 & 72.46 & 69.53

The general trend expected for today is bearish