Monday’s trading session saw a little decline in crude oil prices, as the commodity continued to appear relatively weak.
Crude oil prices have suffered again on Thursday, as concerns regarding demand continue to cause severe challenges for this sector.
Tuesday’s trading session on the crude oil markets has been relatively turbulent as prices remain within a very well-defined range.
During the course of the week, crude oil markets showed symptoms of stability and continued to exhibit a great deal of erratic behavior.
As traders returned to work on Monday, crude oil prices experienced a small uptick during the day. At this time, it appears that we are still searching for a larger bounce.
Crude Oil Price Prediction – Crude Oil Markets Continue to Respect the 200-Day Exponential Moving Average
The crude oil markets have retreated somewhat during Thursday’s trading session, indicating hesitancy around resistance.
During Tuesday’s trading session, crude oil markets rose slightly to break out of a falling wedge. This may be due to Saudi Arabia “rethinking” its crude output.