DOWN AGAIN BEFORE NY OPEN
Crude has rocketed higher and volatility has expanded rapidly as shown by the incredible widening of the 21-day simple moving average (SMA)based Bollinger Bands.
The positive gradient of the 10, 21, 55 and 100-day SMAs and might indicate that bullish momentum is intact.
Resistance could be at the highs of the two previous days at 129.44 and 130.50.
Support may lie at the previous low of 105.18 or the 10-day SMA, currently at 108.60
The positive gradient of the 10, 21, 55 and 100-day SMAs and might indicate that bullish momentum is intact.
Resistance could be at the highs of the two previous days at 129.44 and 130.50.
Support may lie at the previous low of 105.18 or the 10-day SMA, currently at 108.60
Disclaimer
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.
Disclaimer
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.