Hi Tview Friend, here is the continuation chart analysis for crude oil .
US WTI and Brent crude oil futures were bearish due to low inventories report and concerns over the US-China trade deal. However, crude oil futures prices rocketed as inventories on the gasoline and distillate fuel, including diesel, has dropped.
Moreover, the USD also held to boost the demand for the dollar-denominated crude oil.
You can see on the current price of crude oil performing a bearing engulfing
Indicating another red candle closely down to 56.18 consider as a support line entry point for a bull trend.
StochRSI showing an overbought condition, offering a short term sell.
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