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.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.