Oil is still stuck in a bearish market, although channeling its way down ahead of the OPEC meeting. The breakout of the 41.17 will send it south, back to 39.93, with 40.26 as a primary objective.
The breakout of 42.23 will send it induce an inversion, sending Oil back towards 43.3, with 42.55.
The main sentiment remains that the OPEC meeting won't result in a lot of changes in term of production.
The daily Pivot Point is around 41.73. The daily support levels are around 41.23 and 40.67. The daily resistance levels are around 42.29 and 42.79.
The breakout of 42.23 will send it induce an inversion, sending Oil back towards 43.3, with 42.55.
The main sentiment remains that the OPEC meeting won't result in a lot of changes in term of production.
The daily Pivot Point is around 41.73. The daily support levels are around 41.23 and 40.67. The daily resistance levels are around 42.29 and 42.79.
