Oil falls 2% on Gaza ceasefire talks and Chinese data

Oil prices fell by about 2%, and global benchmark Brent held below $80 a barrel, on the prospect successful Middle Eastern peace talks could reduce supply risks, while leading oil importer China’s economic weakness looked set to curb demand.

The Oil-Dollar pair corrected downwards in the last session, falling 0.2%. The ROC is giving a negative signal.
WTI/USD made a minor downwards correction of 0.2%.
The ROC is currently in the negative zone.
Support: 76.61 | Resistance: 79.981