Crude oil has a bearish week. However, there are indecision on Thursday and Friday. This could signal a bounce.
3 red weeks. If a bounce does not happen, we will have 4 red weeks.
Price is currently supported by monthly mid of BB and BB is still narrowing . It could still be finding support before rallying. Your guess is as good as mine.
3 red weeks. If a bounce does not happen, we will have 4 red weeks.
Price is currently supported by monthly mid of BB and BB is still narrowing . It could still be finding support before rallying. Your guess is as good as mine.
Daily support/resistance on 12th Jun: 45.84, 45.73
Weekly support/resistance from 12th Jun - 16th: 46.81, 46.2
Weekly support/resistance from 12th Jun - 16th: 46.81, 46.2
Monthly support/resistance for Jun: 48.38, 47.88 (CLN7, 48.44, 48.07 ; CLQ7: 48.68, 48.34)
Monthly support/resistance for May: 50.98, 49.79 (CLM7: 49.85, 51.17, CLN7: 50.15, 51.5 )
2017 Yearly support/resistance: 49.35, 40.28
Monthly support/resistance for May: 50.98, 49.79 (CLM7: 49.85, 51.17, CLN7: 50.15, 51.5 )
2017 Yearly support/resistance: 49.35, 40.28
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