Crude Oil Can Resume to 70-72 Support

<p><img width="612" height="408" src="https://www.actionforex.com/wp-content/uploads/2020/03/f-oil73.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" fetchpriority="high" srcset="https://www.actionforex.com/wp-content/uploads/2020/03/f-oil73.jpg 612w, https://www.actionforex.com/wp-content/uploads/2020/03/f-oil73-600×400.jpg 600w" sizes="(max-width: 612px) 100vw, 612px" /></p>
<p>On a daily chart, we see a drop in crude oil from 130 area as a five-wave move within wave A that bottomed at 62 – 57 support area. It was a strong drop and spike back in May, when energy bottomed, so we are tracking a higher degree correction from there; wave (B), which […]</p>
<p>The post <a href="https://www.actionforex.com/contributors/technical-analysis/529898-crude-oil-can-resume-to-70-72-support/">Crude Oil Can Resume to 70-72 Support</a> appeared first on <a href="https://www.actionforex.com">Action Forex</a>.</p>

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