Oil - must hold levels approaching

Oil - must hold approaching

Brent is approaching the huge 80 level. The entire 75/80 area is basically a must hold level for oil. Moving averages are not looking great. Note that the 200 day is "rolling" over into sloping negatively as well. Most people love oil and see that huge upside, but price action is moving against all these people that remain "fundamentally" bullish.