Markets

Crude Oil - Daily technical Forecast

Crude Oil closed lower due to profit taking on Friday as it consolidated some of Thursday's rally. The mid-range close sets the stage for a steady opening on Monday. Stochastics and the RSI remain neutral to bullish signalling that sideways to higher prices are possible near-term. If it extends the rally off this month's low, June's high crossing is the next upside target. Closes below last Tuesday's low crossing would temper the near-term friendly outlook.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

Commodities