Bullish Setup Forms as Institutions Accumulate CrudeCrude 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.
