Crude Oil consolidates the latest gains [Video]

Olimpiu Tuns Learn 2 Trade

The US Oil climbed as much as 79.56 today, registering a new high. Now, it has retreated a little and is located at 78.82. The bias remains bullish in the short term but it remains to see what impact the OPEC-LMMC Meetings will have. Also, the Canadian GDP and the US data should move the rate.

From the technical point of view, Crude Oil jumped above the median line (ml) and now it tries to confirm its breakouts. Consolidating above it and making a new higher high activates an upside continuation.

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Olimpiu Tuns

Learn 2 Trade

Olimpiu is a seasoned Market Analyst / Trader with 11 years of experience in the financial markets having expertise in Forex, Commodities, Index, Cryptocurrencies, and Stocks.

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