CL New York Oil Futures – Waiting to see the development of the situation between Israel and Iran, oil prices remain stable and rise

As oil prices are extremely sensitive to the development of the situation in the Middle East, the recent oil price trend has also been significantly more volatile. The resistance will return to $76 and $76.50, with a largest resistance expected to be $77.70, and then point to the $80. The nearest support is estimated at $73 and $72, and the next level is the 250-day moving average of 70.50 and the 200-day moving average of 68.60.

Forecast range:
Resistance 76.00 – 76.50 – 77.70* - 80.00*
Support 73.00 – 72.00 – 70.50 – 68.60

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