Crude oil was rejected off the monthly trend line @ $67, and was not able to recover before falling below the MA @ $64. The MA is now acting as resistance. Today we broke below support again at $62.70, and the bearish momentum brought us down to $60.70. Now i'm watching and waiting for the stabilization around the $60-$60.50 level in order to re-analyze. Follow me to stay updated!
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.
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.