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Price action traders in particular will want to note that the 30 day period appears to show price forming a base; this could indicate that a support/resistance level is developing.
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For additional context, note that price has gone down 8 out of the past 14 days.
Those trading within the energy commodity asset class should know that crude oil was the worst performer in the class today.
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Will fid stay on course?
As a result, eia expects that further inventory withdrawals to meet rising crude oil demand will keep crude oil prices elevated through at least the end of april….
On a relative basis, crude oil was the worst performer out of all 6 of the assets in the energy commodity asset class today.
Out of the 6 instruments in the energy commodity asset class, crude oil ended up ranking 2nd for the day in terms of price change relative to the previous day.