Crude oil prices are oscillating in a rising channel since January 2019, considering the daily time frame. Last week, crude oil prices closed above 4 weeks consolidation and formed bullish engulfing candle on week scale, which suggests bulls were in dominant position. Crude oil opened above two major hurdles, on Monday. One is 100-day exponential moving average, which is currently placed at $56.30 and second one is 38.2 per cent of Fibonacci retracement, level of its entire downward move started form the high of October 3, 2018 to the low of December 24, 2018. Among the momentum indicators, the 14-period RSI on daily ... (full story)