Crude Oil Progressive Bull Trend Confronts 6-Year Resistance: Break or Hold?
Crude Oil Progressive Bull Trend Confronts 6-Year Resistance: Break or Hold? 2021-07-10 04:00:00 John Kicklighter, Chief Strategist Crude Oil Technical Forecast Talking Points: Crude oil closed Friday in the red, breaking a run of six consecutive weeks’ advance The prevailing technical trend is still firmly bullish until there is a break below the 50-day moving average and trendline support stretching back to November at 68 Volatility from this past week coincides with a general risk market shudder but the stall at 76 exerts technical weight in a long-term double top and Fib What time frame...
Source: dailyfx.com