Oil has become volatile and indecisive but still maintain above $41 psychological area. Oil price declined as the U.S. and China relation turns worse.
Oil price rose today during the Asian session by extending gains of the last four days. Oil bullish rally continues as OPEC output cut signs positive.
Light Crude Oil prices form a double top pattern holding just below 53
Light Crude Oil prices tumbled after failing to hold above 50 last week as it seeks to fall further towards the next support at 47.28
Crude Oil rebound to settle week near 60.00.
Crude Oil dropped to the low of 43.70, a level not seen since January 25, as chart structure on the weekly chart isn’t far away from the 0.00% Fibonacci...