Last week Crude plunged 7.61%, as global growth
and demand concerns led to speculative longs to
bail out.
However, on Friday Crude closed 0.80% higher,
as tnsions between the west and Iran supported the price.
We are ata key juncture after Friday's higher low.
Short-term long-setups can be considered with
tight stops, looking for 57.20s initially.
and demand concerns led to speculative longs to
bail out.
However, on Friday Crude closed 0.80% higher,
as tnsions between the west and Iran supported the price.
We are ata key juncture after Friday's higher low.
Short-term long-setups can be considered with
tight stops, looking for 57.20s initially.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Join over 42,000 traders and get the Forex Course for Smart Traders - 17 in-depth lessons - always 100% free at MarketMates.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.