Happy Monday people. Following last week's bullish run, WTI now rests at long term resistance running around $70/bbl.
7 Day Outlook: Indicators on the daily show short term exhaustion (but with some room for upside given the right setup). RSI is at resistance and Snap Indicator short term double line shows bearish cross.
24 Hour Outlook: Price currently rests at relatively strong support. Reversal off this level looks likely in the short term with fast portions of indicators showing bullish signals.
7 Day Outlook: Indicators on the daily show short term exhaustion (but with some room for upside given the right setup). RSI is at resistance and Snap Indicator short term double line shows bearish cross.
24 Hour Outlook: Price currently rests at relatively strong support. Reversal off this level looks likely in the short term with fast portions of indicators showing bullish signals.