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Crude Oil Technical Analysis

Bulls took a little comfort in the bounce from fresh 2014 and 4 year lows and

Dips below the 21-DMA to end the week are a concern for bulls with Stoxx50 starting to

The $1183.1 resistance level remains key with bulls needing a close above to

Monday’s sharp reversal lower from ahead of the 21-DMA has resulted in fresh 2014 and

The $1183.1 resistance level remains key with bulls needing a close above to

Monday’s sharp reversal lower from ahead of the 21-DMA reconfirmed the bearish bias and

Pressure has once again returned to the initial support region 3026.6-3028.3 where

The $1183.1 resistance level remains key with bulls needing a close above to

Monday’s sharp reversal lower from ahead of the 21-DMA reconfirmed bearish bias and

Stoxx50 has bounced from ahead of initial support 3024.2-3028.3 to

The significance of the $1183.1 resistance level was confirmed Monday with a good portion of

Monday’s sharp reversal lower from ahead of the 21-DMA reconfirms the bearish bias and