The recent price action of the TOTAL indicates a rejection at the $2.7 trillion level two weeks ago, followed by a retracement down to last week’s low of $2.2 trillion. After finding support, it moved up again and is currently testing the bottom of the range level of resistance at $2.5 trillion.

Given the current testing of resistance, caution is advised. If the TOTAL gets rejected at this level, it may head lower. There is significant support between $2.2 trillion and $1.8 trillion that the TOTAL could potentially go and test in the event of a rejection at the current resistance level.

Traders and investors should closely monitor price movements and market developments to make informed decisions. Adapting strategies based on evolving market conditions and maintaining a proactive approach to risk management are essential in navigating such dynamic market environments.