Crude oil Technical analysis
Oil futures rose by more than 4% on Wednesday focused on geopolitical issue – is it a sign of changes
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| Crude oil analysis |
Crude oil technical analysis:
Short term bearish as long crude oil remain below 56.80
Medium-term bearish as long crude oil remain below 57.30+-
Long term bearish as long crude oil remain below 58.60+-Suggest more down to test price below 55 $ such as 54.20-54.80 $ or even 53$
Break above 58.30 will lead again to high prices – break down 52.80 will confirm more downs
I noticed similar management had happened the price bands in the past
(Price band meeting) And if that is the case then the chances of a price increase are high
If that is so then I expect oil prices to return trading above $ 70
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| oil news |
it all starts here: Oil is crashing – The marks were on the wall
This review does not include any document and/or file attached to it as advice or recommendation to buy/sell securities and/or other advice
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