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Oil to close the gap?

Oil to close the gap?
After the OPEC+ surprise at the end of last month, oil prices had been poised to chase a break higher in early April before the drop last week sort of took the wind out of buyers' sails. The rejection came right at the 200-day moving average (blue line), with buyers initially hoping for a firm break above $83:In turn, that has seen price eat back into the gap higher seen on 3 April with price action knocking on the door of a drop back below the 100-day moving average (red line) at $76.80. That k... Read More
Posted: Apr 24 2023, 05:09
Author Name: forexlive
Views: 081971

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