Key Resistance: 65.00 – 67.50
Crude has been rallying hard since the Pandemic hardline quarantine rules started to ease worldwide. More air travel and less restrictions means more demand for crude derived products on a period where the OPEC had contracted their oil output to face the fast decline of prices.
Fast forward to last few weeks when crude peaked at around $71.50 per barrel. We have seen a decline in prices for 3 weeks in a row (-15.50%) to retest, again, the very important $61 per barrel level.
Technically speaking price has broken with the short term bearish structure, which could be called a bull flag, and the previous week´s highs whilst bouncing from the weekly pivot. This is all very, very bullish.
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
Learn to Trade
Never Miss A Trade Again
Signal Notification
Real-time signal notifications whenever a signal is opened, closes or Updated
Get Alerts
Immediate alerts to your email and mobile phone.
Entry Price Levels
Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.
