FX.co ★ bradtke.owen | CL/Crude Oil

Hello everyone, Let's talk about the beloved CL futures once again. From the end of the American session yesterday until the beginning of the European session today, prices were below 65.15. However, with the arrival of Europe, they started to pull upwards inside the range. If they confidently break above 65.15, they may go on to test the upper boundary for today at 66.26, or they could stop at 65.75 and then head back down. This is what seems possible today, but I am leaning towards the idea that the bulls will take steroids and might test 66.90, with hints of a downward movement from there. In particular, today the inventory reports for crude oil at 17:30 Moscow time could be the trigger.