OIL has been relatively quiet despite large fluctuations in the price of the USD.
Price currently sits at key support and could potentially form the right shoulder of an inverse head and shoulders pattern.
If price breaks the daily highs we could see it head towards the next resistance level of 70.50.
Price currently sits at key support and could potentially form the right shoulder of an inverse head and shoulders pattern.
If price breaks the daily highs we could see it head towards the next resistance level of 70.50.