Jim Letourneau's Blog

View Original

Oil Price Technical Analysis - Part 4


2 Year - Daily

I have posted a series of charts showing oil prices over the following time frames:
  1. 15 year
  2. 10 year
  3. 5 year
  4. 2 year
  5. 1 year

This 2 year chart shows 2 main technical levels:
  1. Long term resistance zone between $51-56 (red lines)
  2. Long term support zone between $41-44 (green lines)