Crude to fall or spike?
Of late, we are seeing a fall in Crude prices... a lot of it is about releasing supply into the market really.
The daily 55EMA has been broken, tested and failed once. But worthy to note that the support is holding!
So, breaking down decisively below 92 would be followed by more downside; else breaking above 98/99 would be tested by resistance zones above 100 for a short spike towards the end of April.
The daily 55EMA has been broken, tested and failed once. But worthy to note that the support is holding!
So, breaking down decisively below 92 would be followed by more downside; else breaking above 98/99 would be tested by resistance zones above 100 for a short spike towards the end of April.
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