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Daytona beach Florida
Posts: 84 since Jun 2017
Thanks Given: 35
Thanks Received: 32
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Crude has settled in above 70$ in the past week finding support at 70.40, acceptance between 71.00-71.15 and resistance at 71.94. After yesterday’s EIA report failed to push CL past the established resistance of 71.94. Does this imply that the auction in crude has developed a new temporary trading range or bracket? Any input or opinion would be much appreciated. Trade well.
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