USOIL News

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Last Updated Date: 21 April 2021 @ 8:34 AM (UTC)
*Please note that all the dates are in GMT time zone

Oil was down Wednesday morning in Asia over renewed rise in the number of COVID-19 cases globally and a surprise build in U.S. crude oil supplies renewed fuel demand worries.

The Oil market suggests a turnover, signaling for bear trending selloffs to reach under the 60.30 swing low. A close under 60.30 low will help motivate selloffs 59.05. Any corrective recovery action should stay trapped in 63.70 range to maintain bear trend signals. A climb over 63.70 is near term friendly. However, a close over 64.40 is needed to start a turnaround.




 
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