OIL Could Test 66, Bearish Trend Is Intact
Technical Analysis: The price may rise to test the broken structure zone near 68.70 before potentially moving downward again. The first support zone is anticipated at 67.10, with a lower support level at 66.00.
Oil prices declined for a third consecutive session as major producers’ plans to increase output in April, along with concerns over U.S. tariffs on Canada, Mexico, and China, dampened investor sentiment and raised fears of slowed economic and fuel demand growth. – as reported by Reuters.
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