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US oil Technical Analysis: The probability of going down today comes under

29 Oct 2018 02:45 PM

It is likely that the price of oil is down today, but it is required to stabilize trading below the price of 67.05, stability under this level is a condition to prove the descent. Trading below the 67.05 will open the way to try to reach levels around the 66.00 price.

On the contrary, the failure of stability below 67.05, and the return of the breach of 68.00 will cause the downside to weaken.

From here, it might be good to sell US light oil below 67.25 with a two-time profit at 66.60 and 66.00 and a stop loss above 68.00.

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