Technical Analysis and Outlook
Crude oil continues to extend its gains following Oil Rally $50.40 completion. The latest increase might be mitigated with a farther advancement to Key Resistance $53.10, and perhaps Oil Rally $54.50 - we shall see. Intermediate Mean Support $44.90 and Key Support $42.50 will continue to serve as intermediate stops of the decline. (For Market Commentary, please visit the TradingSig_dot_com).
Crude oil continues to extend its gains following Oil Rally $50.40 completion. The latest increase might be mitigated with a farther advancement to Key Resistance $53.10, and perhaps Oil Rally $54.50 - we shall see. Intermediate Mean Support $44.90 and Key Support $42.50 will continue to serve as intermediate stops of the decline. (For Market Commentary, please visit the TradingSig_dot_com).
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.