Crude Oil - Technical Analysis: Wednesday, 10/06/2020 08:21 GMT
The positive effect of the inverted head and shoulders’ pattern continues, pushing Crude oil price to achieve more gains, and it needs to surpass 61.8% Fibonacci correction level to confirm the continuation of the bullish trend.
Stochastic and the exponential moving averages 50 and 100 continue to support the price to keep rising.
Trend
Bullish