Crude oil moved above the previous highs and at the moment of writing these words, it's testing the upper border of the March price gap. And given the fundamental news that are reaching (and likely to reach) the market - the increasing Covid-19 cases in the U.S. and globally - it seems that black gold might not have enough strength to keep pushing higher. The upper border of the March price gap is one of the most important resistance levels nearby. There's also the 61.8% Fibonacci retracement level, but since it's based on the April low that is relatively unclear (different series of futures contracts were trading at ... (full story)