April crude oil was lower due to profit taking overnight as it consolidated some of this week's rally.
Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near term.
If April extends the rally, February's high crossing at $56.86 is the next upside target.
Closes below the 20 day moving average crossing at $45.12 are needed to confirm that a short term top has been posted.
First resistance is Thursday's high crossing at $52.25.
Second resistance is February's high crossing at $56.86.
First support is the 10 day moving average crossing at $47.53.
Second support is the 20 day moving average crossing at $45.12.
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