7 comments on “Crude Oil: Driving to the low of the year

  1. On Wednesday, the U.S. Energy Information Administration reported that U.S. crude inventories fell by 4.2 million barrels last week, defying analysts’ expectations of no change.
    This made the price climb until the 10 SMA (Daily Time Frame).
    Today we are witnessing a formation of an inside day, below the 10 day SMA. Tomorrow a break below this inside day will give a strong signal to the continuation of the down trend.

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