March 31, 2018

CRUDE Oil weekend update

  • Crude oil is stuck in a range between 60 and 66. But most importantly price is just holding below the crucial moving average(200 sma Month). 
  • Weakness for next week if price stays below 64 levels. 
  • 200 SMA line in month is crucial for now. Most of the recent hits at this line has resulted in big swings as shown in last chart.