CRUDE OIL the pair looks to strengthen further in the days ahead as it built on its Wednesday gain on Thursday. Support lies at the 57.50 level where a break will expose the 57.00 level. A cut through here will set the stage for a run at the 56.50 level. Further down, support comes in at the 56.00. On the upside, resistance resides at the 58.50 levels. Further out, resistance comes in at the 59.00 level. A break above here will aim at the 59.50 level and then the 60.00 level followed by the 60.50 level. All in all, CRUDE OIL remains biased to the upside on further correction pressure.
CRUDE OIL: Builds Up On Bull Pressure
by Mohammed Isah | November 21st, 2019
GET MORE POWER OVER YOUR TRADING WITH LESS HASSLE
The Award-Winning Analysis Solution for Forex & Commoditidy Traders
Your trading, made easier
R
Get 15+ super-easy trade ideas with powerful daily analysis and easy-to-understand strategy eBook
R
Stay on top of every move with price action to help you make easier, faster, and more accurate trading decisions.
R
Whether your strategy is for day trading or swing trading FXTechstrategy analysis fits in seamlessly with no hassles.