Several times in the last 2 years the 200-day SMA acted nicely as resistance or support level for crude oil. This time around, price is above the benchmark, which is positive for a buy-the-dips mentality.
source: investing.com
Several times in the last 2 years the 200-day SMA acted nicely as resistance or support level for crude oil. This time around, price is above the benchmark, which is positive for a buy-the-dips mentality.
source: investing.com