crude oil showing suspicious signs behaving continue update
In 4 /7 I posted this:”crude oil showing suspicious signs” :
“oil behaving strangely this week – we see strange behavior – every time crude oil show strong move down it came back to higher number – in the begging of this week crude oil opened lower gap almost 2 $ from last week close price at 74.30 to 72.50 and then recover again, yesterday we saw the crude made the same move – reached over 75 $ to 75.26 – from this area went down sharply to 72.70 and recover again higher numbers”
Told you to notice this section
“conclusion: swap dealer side – when the spread will increase above 30 % + crude oil prices settled below 69-70$ (with high vol) = can lead to change direction in crude oil price- we got this moved as expected “
Now after it happened where do we go from here?
Crude oil technical analysis
Now 70.42 became resistance area
We should pay attention now for 65.60- 65.66.50 area
Break down those levels will send crude oil to cope with 63.40-64.10 area
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| crude oil analysis |
This review does not including any document and / or file attached to it as an advice or recommendation to buy / sell securities and / or other advice