An awful slate of economic data from China and the U.S. has hammered Crude Oil to start the week. Price action failed at resistance, aligning with the 21-day moving average Thursday-Friday, encouraging heavier selling after the data. Continued action below 87.50-88.00 leaves the door open for a test big support at 82.80-83.60 gap and .618 retracement.
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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.