Last week Crude plunged 7.61%, as global growth
and demand concerns led to speculative longs to
bail out.
However, on Friday Crude closed 0.80% higher,
as tnsions between the west and Iran supported the price.
We are ata key juncture after Friday's higher low.
Short-term long-setups can be considered with
tight stops, looking for 57.20s initially.
and demand concerns led to speculative longs to
bail out.
However, on Friday Crude closed 0.80% higher,
as tnsions between the west and Iran supported the price.
We are ata key juncture after Friday's higher low.
Short-term long-setups can be considered with
tight stops, looking for 57.20s initially.