US oil may retrace into $90.48-$91.59 range
USO•US oil may retrace to $90.48-$91.59 per barrel after failing to break resistance at $94.61. A break above $93.64 may open a move toward $94.61-$96.83, while a break below support at $90.02 may point to $83.34-$86.06.
1. Oil price levels
US oil may retrace to $90.48-$91.59 per barrel after failing to break resistance at $94.61. Immediate resistance is at $93.64; a break above it may lead to $94.61-$96.83. Key support is at $90.02, and a break below may open the way toward $83.34-$86.06.
