Critical support near 92$/barrel for Crude Oil
This week could be critical for the direction of the commodity because a close below 92 $/barrel could attract more selling pressure.
just above this level there are the 200 day SMA and a static support at 93.31. Only a consolidation above 100 $/barrel would trigger more momentum. Intraday volatility is expected to remain high as the candlesticks keep showing an high volatility regime.
just above this level there are the 200 day SMA and a static support at 93.31. Only a consolidation above 100 $/barrel would trigger more momentum. Intraday volatility is expected to remain high as the candlesticks keep showing an high volatility regime.