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Crude Oil: Attempting To Hold Above 57.50

Published 12/22/2014, 05:38 AM
Updated 07/09/2023, 06:31 AM

Crude Oil Chart

Crude oil is attempting to hold above 57.50 again, influenced by the positive signals offered by MACD, which supports the expectations for further advance in the coming sessions, where it might test 60.00 for a start. Breaking below 55.60 will halt our positive expectations and push back the price to the descending channel. The next target will be 52.10.

Support Resistance & Recommendation

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