Crude Oil is consolidating above support at $65.18, with momentum indicators turning bullish. The Stochastic is rising from 27, and RSI is approaching the 50.0 mark. Institutional buying reported in the latest COT data reinforces the bullish bias.
A move above $67.55 could open the door to $69.45, while the bullish outlook stays intact as long as the price remains above $61.80.
A move above $67.55 could open the door to $69.45, while the bullish outlook stays intact as long as the price remains above $61.80.
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Knowledge Should Be Free – And So Is Your Path to Trading Success.
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.