US oil to retest resistance at $89.33
USO•US oil is expected to retest resistance at $89.33 per barrel; a break above it could lead to gains into the $89.99-$91.84 range.
1. Resistance and support levels
A break above $89.33 could extend gains into the $89.99-$91.84 range, while a drop below support at $87.52 may lead to $85.14-$86.63. The analysis also identifies potential support at $83.45-$84.35 and says oil may extend gains into $90.52-$93.77 after briefly moving above $88.61.
