Technically, $CL is testing the $94–95 zone with momentum indicators in overbought territory (elevated RSI and StochRSI).
The market remains highly volatile and under strong geopolitical influence.
Supply risks in the Middle East are supporting prices, while the prospects of additional Russian supply and the rebound in Saudi production are slightly capping the upside.
I #short #cl
The market remains highly volatile and under strong geopolitical influence.
Supply risks in the Middle East are supporting prices, while the prospects of additional Russian supply and the rebound in Saudi production are slightly capping the upside.
I #short #cl