OPEC looking to push upwards while technical is still sideways

CFD pada Minyak Mentah WTI (TVC:USOIL)

TVC:USOIL CFD pada Minyak Mentah WTI

trendanalysis supportandresistance trendline usoil

USOIL

While The Opec leaders gather with Saudi officials trying to opt lower output to strengthen price, On the Technical side, Price is looking to trade sideways,
it has been unable to push beyond the 60.30 and the 51.20 as buyers and sellers are unable to set a direction for price.

a break to any of there levels should take price higher targeting close to the 70.00 area or if it breaks lower below the 51.00 it will be targeting the 42.60.
with markets still undecided to which direction it will go, it seems more inclined towards a bearish move.

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