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- Oil is trading above MA 200 H1
Oil is trading above MA 200 H1
Yesterday, Brent crude traded in different directions in the range of $28.50-$30.65 and closed the day without significant changes. Today, oil also traded in a narrow range of $28.85-30, remaining near yesterday's closing price. On the hourly chart, Brent is still trading above the MA (200) H1 moving average line ($26.35). On the four-hour chart, the situation is similar.
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Resistance levels are at: $30.90, $35.45, $39.40
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Support levels are at: $27.55, $23.85, $22.55
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