US oil may retest support at $88.78
USO•US oil may retest support at $88.78 per barrel; a break below it may trigger a fall to $87.62.
1. Support and resistance levels
US oil may fall toward the Oct. 2 low after a bounce that appears to have completed around $91.82. A break above $91.82 may lead to a gain into the $92.53-$93.69 range; the daily chart’s wedge may be a bearish continuation pattern.
