Crude oil trading bias tends to neutral based on observations on the 1-hour chart.Indicator MACD signals a potential bullish for the long term. However the indicator stochastic and RSI which are in the area of saturated buy indicates a potential correction for the short term. The price needs to penetrate the area nearest 43.45 resistant to be able to get additional strengthening impulse to test the next resistance areas in the range of 44.15 and resistant locks are in the area of 44.85.
In the meantime if the price goes down and penetrate the consistent support nearest 42.10, then prices can turn for further weakened aiming area 62 before being able to approach the key support areas 40.70.
0 Response to "Sideways in the oil Area 42.10-43.45"
Thanks for give comment.