Русский
US crude oil price kept rising in latest intraday trading, after considerable gains yesterday that pushed the price to February highs, while buoyed by the dominance of the upward correctional trend in the short term as the price trades alongside the trend line, with positive support due to trading above the 50-candle SMA.
However, we’re noticing a slowdown in the pace of gains in latest intraday trading due to profit-taking, while the price tries to vent off overbought saturation from the Stochastic, as negative signals emerge from it.
Origin: Economies
