Crude oil still in a downtrend for few more dollars
There is no sign of bullish context or proven change in behavior in CL oil in my humble opinion.Still a downtrend for few more days or dollars
Next serious resistance level between 33$-34$.If that level breach and will work as a support then I will look for a new high around 36. First buying opportunity when the price is testing,retesting the support zone around 33$-34$. If that up move will fail the price will go down again and testing 27$-26$ levels
Next serious resistance level between 33$-34$.If that level breach and will work as a support then I will look for a new high around 36. First buying opportunity when the price is testing,retesting the support zone around 33$-34$. If that up move will fail the price will go down again and testing 27$-26$ levels