Crude Oil Daily Technical Outlook
Intraday bias in crude oil remains neutral as sideway consolidation continues between 70.76/75.58. Further consolidations could still be seen and another recovery cannot be ruled out. But still, upside is expected to be limited by 61.8% retracement of 82.97 to 70.76 at 78.31 and bring resumption of fall from 82.97. Sustained trading below 70.76/71.09 support zone will confirm our bearish view that whole rebound from 64.23 is finished at 82.97 already and target another low below 64.23.
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Crude Oil Daily Technical Outlook
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