Crude oil bulls are keeping the bull trend going as they keep the market above 71.00.
Crude oil is trading above its 50, 100 and 200-period simple moving average suggesting a bullish bias.
Bulls objective is to break above $73.00 a barrel in order to target 74.00 and 75.24 (July high). A break below 71.45 September 26 low would likely invalidate the bullish bias.
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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.