Stay 
Trading Conditions
Products
Tools
Yesterday, oil prices demonstrated significant volatility, with a sharp decline from the resistance level of 68.69, dropping below the support level of 66.77. This trend suggests further price declines, targeting the next level at 65.27.
If prices break below this support, it could lead to further declines toward 63.69, which was the low in April 2023. The Marlin oscillator is already showing early signs of a downward reversal without having tested the zero line.
On the H4 chart, the MACD line at 66.37 serves as a support level and acts as an obstacle to further price declines. This level corresponds with the low recorded on March 13. A breakout below this point would establish a first target at 65.27.
InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.
Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of Instant Trading EU Ltd including online trading, online transfers, deposit/withdrawal of funds, etc.
If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.
Why does your IP address show your location as the USA?
Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.
We are sorry for any inconvenience caused by this message.
