Since Crude Oil went negative in April 2020, it has been in a strong upmove leading it past $100/bbl. However, the recent downtrend is now threatening the trendline that connects important lows on the daily. (see chart) – (Petros Steriotis, thetradingstrategist.com)
Disclaimer> This post is informational only. This post is not a trading or investment advice! Financial markets are inherently risky. Manage your position size carefully and honor your risk decisions which you and only you are responsible for!