Crude oil put in an aggressive spike to start March trade but has since reversed all of that move. What's next, and what prices might crude oil traders be looking for as support?
Crude Oil Price Outlook: Crude Crafts Range, Eyes Confluent Resistance 2021-04-06 17:00:00 James Stanley, Senior Strategist
Crude Oil Talking Points:
A riveting run in oil after the Presidential Election has finally found some element of resistance.
Prices have been range-bound for the past couple of weeks, but the preceding bullish trend was extremely consistent. Are buyers taking a break or is this prelude to a deeper reversal?
The analysis contained in article relies on price action and chart formations. To learn more about price action or chart patterns, check out our DailyFX Education section. Advertisement
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