Crude oil price reach to strong zone daily time between 54.31 and 55.11 (resistance area), to keep the bullish trend scenario valid for the upcoming period, which depends on the price stability above green zone. As long as the price is above 52.50 level we could hope for the price to ascend higher levels.
Alternative scenario, if price come back below 52.51, I expected WTI would descend todaily support 50.65 or perhaps lower levels.
Alternative scenario, if price come back below 52.51, I expected WTI would descend todaily support 50.65 or perhaps lower levels.
Comment:
USOIL hit 50.65!!!!