Pushing higher.
(By Yann Quelenn)
• Crude oil is trading higher. Hourly support is
given at 43.65 (10/07/2017 low). Expected to
monitor resistance given at 47.32 (04/07/2017).
• In the long-term, crude oil has recovered after
its sharp decline last year. However, we consider
that further weakness are very likely. Strong
support lies at 35.24 (05/04/2016) while
resistance can now be found at 55.24
(03/01/2017 high).
