Technical Analysis and Outlook
Crude oil has stalled its up move and is currently trading between Mean Sup $55.15 and Key Res $57.15. However, its path to near-term outer Oil Rally $58.40 is intact. On the downside weak Mean Sup $55.15 and major Key Sup $52 is valid. (For Market Commentary conclusion, please visit the TradingSig_dot_com).
Crude oil has stalled its up move and is currently trading between Mean Sup $55.15 and Key Res $57.15. However, its path to near-term outer Oil Rally $58.40 is intact. On the downside weak Mean Sup $55.15 and major Key Sup $52 is valid. (For Market Commentary conclusion, please visit the TradingSig_dot_com).