Crude Oil Price Outlook – Staying the Course
WTI crude oil continues to behave well within the confines of an upward channel. There is a top-side slope to watch and some levels from years prior, but as long as price stays above the lower parallel of the channel and the most recent low at 80.58 the outlook will remain intact.
For the full set of details, please check out the video above…
Crude Oil (CL1!) Daily Chart
WTI Crude Oil Chart by TradingView
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---Written by Paul Robinson, Market Analyst
You can follow Paul on Twitter at @PaulRobinsonFX
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.