USOIL News

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Last Updated Date: 16 April 2021 @ 7:17 AM (UTC)
*Please note that all the dates are in GMT time zone

Oil prices hit one-month highs on higher demand forecasts from the International Energy Agency (IEA) and OPEC, in addition to positive U.S. and Chinese data.

Current rallies signal a turn to bullish trade, calling for an extension to 66.20. A close over 66.20 hints for a larger emerging advance ⇒ 68.10. Any corrective dips should fight to hold off 61.80  and use any congestion to bull flag. Only a close under 60.70 marks a reversing turnover.

 
 
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