Waiting for the bulls’ counterattack

Oil prices fell back below the 10-day moving average, but the market is still bullish.

The main reasons for the fall in crude oil prices may include the fact that the Saudi energy minister defended the production cut and claimed that extending the production cut was not to push up oil prices; the Federal Reserve kept interest rates unchanged.

If the support level of crude oil does not break 87.6 and the resistance level does not break 90, it will continue to rise slowly in range trading.

Note

close to 90

Note

waiting for 91

Transaction en cours

Note

Both attempts to break through the 91 resistance level failed. Waiting for another breakthrough

Transaction en cours

91.3 waiting for 91.8

Transaction en cours

Anthony-Ryan

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Anthony-Ryan