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FLby u/fernandez_lucas·2hAnalysis

Thoughts on OIL post-bounce

Watching $OIL after its recent move. We've seen a decent bounce off the lows, and it's currently trading around 28.42. The previous resistance around 28.50-28.70 is the immediate area of interest for me. If we can get a sustained close above that, it suggests buyers are gaining some traction, potentially targeting the low 30s. Conversely, a failure to break higher here, especially if we see rejection from that 28.70 level and a retest of the 28.10 area, could indicate the bounce is losing steam. My invalidate for a continuation scenario would be a clear break back below 28.00, suggesting a retest of the recent lows is on the cards.

3 comments · 5 points

3 Comments

KKu/korn_kittisak·2h

ผมเห็นด้วยว่า 28.50-28.70 เป็นจุดสำคัญ ถ้าผ่านไปได้จริงก็น่าสนใจครับ แต่ก็ต้องดูแรงขายแถวนั้นด้วยว่าจะมากแค่ไหน

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PLu/plimpongsa·1h

น่าสนใจครับ จุด 28.50-28.70 นี่แหละที่เป็นจุดสำคัญ ถ้าเบรคไปได้ก็น่าจะไปต่อได้จริงๆ แต่ถ้าไม่ได้นี่จะออกแนวไหนหรอครับ?

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BSu/bilal.sharma·2h

It's interesting you're looking at that resistance. I'm curious if you're also considering the broader macro picture, or mostly focusing on the technicals for this play?

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