WTI Crude Breaks Key Resistance at $60 But May Be Trading Into Possible Supply

castrix (25)in #market • 7 years ago

Crude Oil has begun the trading year by breaking above key resistance near $60 and at the same time is trading close to a previous demand zone made in 2015. Bull/Bear case here for Crude. All eyes on the $60 to $63 range to see what happens next.

Oil inventories out today may give some volatility to this market.