This is the 3rd day in a row that we have had highs of 27 to 28 and then become stuck
Seems to be a bit of serious resistance at these levels and unable to push through.
With WTI cost of around $25 and delivery of May futures fast approaching will we see another sell off until demand begins to outweigh supply and inventory falls.
MACD seems to indicate that we...
Looking as though we are coming into a turning point of oil. With the May contract expiry coming closer. The next breakout may determine the trend for the next few days. If it break below 24.7 think we could be in a sharp decline.
