Oil marches toward the most important level in the past 10 years

Multi-Timeframe Analysis:

Hourly Chart: Moving toward the the upper border of the regression channel.

Daily Chart: Moving toward 75.5-77

Weekly Chart: Just below the resistance

Monthly Chart: Just below the resistance

Conclusion: 77 was the most important level in the past 10 years.
There will be no significant resistance if Oil price manages to close above 77.

Commentaire:

Oil failed to pass the resistance..!