API data has shown a better than expected data. If confirmed tomorrow by EIA we could expect price to hit 71.80+ area, otherwise we will fighting again to hold the psychological level of 70 bucks.
We have to monitor as well the performance of the USD to help us anticipate the OIL price for the coming days.
Short term traders and scalpers may look for a bull continuation, long term traders is a clear SELL area.
I recommend one article worth to read about Energy poverty in Europe, published today. Look for it.
We have to monitor as well the performance of the USD to help us anticipate the OIL price for the coming days.
Short term traders and scalpers may look for a bull continuation, long term traders is a clear SELL area.
I recommend one article worth to read about Energy poverty in Europe, published today. Look for it.