Oil Price Stuck in May Opening Range After Failing to Test March High
of clients are net short.
Long
News
of clients are net short.
Long
News
of clients are net short.
Long
News
of clients are net short.
Long
News
2021-05-13 14:00:00
David Song,
Strategist
Oil Price Talking Points
The price of oil appears to be stuck within the opening range for May amid the failed attempt to test the March high ($67.98), and looming developments in the Relative Strength Index (RSI) may warn of a larger correction in crude as the indicator appears to be threatening the upward trend from earlier this year.