Crude oil has been trading in a medium term uptrend however it experienced some correction and currently stands at the upward slopping trend line suggesting support at lower levels. Positive slope of the 20-day SMA along with the RSI in buy mode supports the above observation and indicates further upside potential. It would be prudent to say that Crude oil could advance towards 65.50 and 66.50 while it sustains above 63.80.
Technical Analysis Team
Offering state of the art execution services through multiple top-tier liquidity providers. Abans Global provides you with a tailor-made solution to match the demanding requirements of your business, with the multi-assets offering, advanced trading platforms and FIX API connectivity that provides ultra-low latency.