USOIL - Crude Oil Markets Recover, But Will It Last?
Oil prices rallied the last few days.
The uptrend line has held and so has the 50 day EMA and the MACD. I see a good support around 60.6 and resistant around 65.
At this point, I see oil prices breaking the resistant.
Any pullback should be a good opportunity to buy as soon it doesn't break the support.
The uptrend line has held and so has the 50 day EMA and the MACD. I see a good support around 60.6 and resistant around 65.
At this point, I see oil prices breaking the resistant.
Any pullback should be a good opportunity to buy as soon it doesn't break the support.