Crude - Break Out Confirmed on Weekly Chart
Crude oil has Confirmed breakout of a long term resistance line on weekly chart. Key considerations:
- OPEC back in action
- OPEC+ member Mexico recently cashed in their biggest oils hedge
- Consumption and demand back up
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.