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Are Oil Bulls Over?
Crude oil closed yesterday’s session at the lowest level in May. What’s next? In today’s article on crude oil, I decided to share with you my insights on black gold posted in Oil Trading Alert. Have a nice read. Let’s start today’s analysis with the quote from yesterday’s Oil Trading Alert: (…) although the mentioned Fibonacci retracement encouraged the bulls to fight, they didn’t manage to protect their ally – the green gap. The commodity finished the day under the lower line of this support, which doesn’t bode well for the buyers and suggests that another attempt to move lower may be just around ... (full story)