We may see a recovery above the 72.20 support in oil in the short term. The 80.20 area above should be monitored as resistance. Rises towards this resistance may provide a selling opportunity. If 72.20 is broken below, pressure will increase.
Resistance | 77.50 | 80.20 | 82.00 |
Support | 72.20 | 70.00 | 69.00 |