Holding above 60.
• Crude oil is has broken resistance given at
59.05 (24/12/2017 high). Strong support is given
at 55.82 (07/12/2017 low). Expected to keep
• In the long-term, crude oil has recovered after
its sharp decline last year. However, we consider
that further weakness are very likely. For the time
being the pair lies in an upside momentum.
Strong support lies at 35.24 (05/04/2016) while
resistance can now be found at 55.24