Crude Oil Movements

With the strong demand for travel, unemployment back at 3.9% and less travel restrictions this is where we believe oil will trade.

Resistance Levels:

• $85
  
• $83
  
• $77
  

Support Levels:

• $66
  
• $62
  
• $60
  
• $43
  

If we see widespread market selling due to what most are expecting a 15% correction or more, we can see oil fall below $60.

Comentário:

Get ready for some more pain in the economy, markets, and gas station.