Crude Oil Price Outlook: Slope Broken, Confluent Support Under Siege
Yesterday, WTI crude oil closed below an important slope dating back to last year, a little more weakness will further the notion oil is undergoing a broader trend change.
Yesterday, WTI crude oil closed below an important slope dating back to last year, a little more weakness will further the notion oil is undergoing a broader trend change.
The Dow Jones Industrial Average is jumping after a support test at the 25k level yesterday morning. With fresh short-term highs, the door appears open to strategies of bullish continuation.
A 14% drop from the January highs has taken gold prices into yearly slope support. These are the updated targets & invalidation levels that matter on the XAU/USD charts.