Commodities Analysis and Opinion

Crude Oil On The Way To The Resistance Cluster

11/03/2022

Less than a minute

2022.11.03 05:16

Crude Oil On The Way To The Resistance Cluster

www.investing.com/analysis/crude-oil-on-the-way-to-the-resistance-cluster-200631881

Crude Oil On The Way To The Resistance Cluster

By Petros Steriotis | 54 minutes ago (Nov 03, 2022 04:22AM ET)

Petros Steriotis

From a chart perspective, the bear is not over for crude oil yet. Crude needs to exceed an area full of resistance, first to break a limiting downtrend line and then to mark a higher high on the daily (rectangle area).

Crude Oil 5-Hr Chart

Crude Oil 5-Hr Chart

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11/03/2022

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