GhostSquawk

Oil looking to hold $90 going into the weekend

TVC:USOIL   CFDs on WTI Crude Oil
Crude oil has found a bottom at 89.85 this week and is starting to trek higher. Currently we are holding above the $90 handle, which is a strong psychological barrier for crude oil market. How we trade today will reflect sentiment towards geological tensions and supply tightest in the market. The charts seems to be range bound at the moment but that can change quickly so watch out for 88.85 to the downside and 91.65 to the upside. A break of the downside level could see us move towards $87 while a break to the upside could see a retest of $93.

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