Crude Oil – Verification of Breakout?

 | Mar 18, 2024 03:43PM ET

We could summarize the recent price action in crude oil in one word: tests. What’s next?h2 Technical Picture of Crude Oil/h2 h2 /h2

Crude oil closed last week above the previously broken Dec. 2023 peak and the barrier of $80. Did it change much in the medium- and short-term picture of the commodity? In today's article, I share with you my thoughts on this subject. Have a nice read.