the daily chartist

Crude goes sideways

published 1 year ago
WTI M30

 The price has dipped under $73, but as it has sliced more into the demand zone, it bounced back and #72.18 remained crucial to see if it will hold. It has proven strong for now and the movement has continued up. On the top side, we have a strong demand zone around $74.75 - $75 levels. Short positions are good there. No clear direction here as well, so sell the tops, buy the dips and wait for a breakout.