Crude oil is slightly flattening but appears ready to ascend. Hourly resistance is given at 64.89 (15/01/2018 high). Strong support is given at 60.93 (05/01/2018 low). Expected to keep increasing as demand seems very strong.
In the long-term, crude oil has recovered after its sharp decline last year. However, we consider that further weakness is very likely. For the time being the pair lies in an upside momentum since June 2017. Strong support lies at 35.24 (05/04/2016) while resistance is found at 55.24 (03/01/2017 high).
. Strong support is given at 60.93 (05/01/2018 low). Expected to keep increasing as demand seems very strong.){kind=link}