Declining dollar value and decreasing inventories caused crude oil prices to trend higher from 2740 to 3475 over the period of 5 months (June
Crude Oil Support and Resistance levels
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Despite catchy news events and geopolitical fears, Crude oil hasn’t changed much. Prices are still trading inside long-term range (which is clearly visible on
Crude Oil can offer a Price action trading setup as it edges near the Inflection point at 55.00. Inflection point or Decision Point is
Fundamental Outlook of Crude Oil prices Prices surged higher ever since OPEC members surprised the market last month by agreeing over a proposed production