FX.co ★ bradtke.owen | CL/Crude Oil

There was no positive news on the Middle East crisis during the American session, and against this backdrop, the price of oil #CL started to rise again. Today, we saw a drop to the round level of 90.00. Buyers stepped in there and pushed the price back up. If no positive news comes in, I expect a new attack on the local resistance at 95.00. A breakthrough there will pave the way for further growth towards the round level of 100.00. If we don't get any positive news by the end of the week, I anticipate a wave of growth within the boundaries of the current descending channel. The upper boundary is currently around $105, where selling interest will be present.