Energy Sector Update for 03/06/2018:
**Crude futures are treading around the new, higher consolidation range, taking its cue from DXY (trending lower) and share markets (trending higher).
**WTI (APR) -- $62.27/bbl; down 30 cents; session high/low - $63.28 - $62.41
**BRENT (MAY) - $65.47; down 11 cents; session high/low - $66.16 - $65.30
Monday's strong rally left a double bottom on WTI daily chart. Already probed above $63.25 (Fibo 76.4 per cent) and next key barrier - daily cloud top at $63.49.
Res: 62.86; 63.25; 63.49; 64.22
Sup: 62.34; 62.17; 61.69; 61.09
(courtesy S. Drvenica, Windsor)
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