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Crude Oil Price Forecast – Crude Oil Markets Recover
video The crude oil markets have rallied a bit during the trading session on Friday, as we continue to recover from the massive plunge. That being said, I don’t necessarily think this is a situation where you want to chase performance, and I do believe that it is probably only a matter of time before sellers come back into the market. In fact, I think that there is a significant ceiling just above at the $72.50 level you must pay attention to, because it was such an important support previously. A bit of “market memory” probably comes into the equation at that point. I stated yesterday that I thought this ... (full story)
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- Posted: Dec 8, 2023 1:35pm
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 347
