$50 isn't in the technical level to watch for oil

Discussion in 'Technical Analysis' started by ForexLive, May 26, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    WTI breaks $50 to highest since October The break of $50 is a milestone for oil bulls but it's not a technical turning point. Three days of gains have pushed oil to the best intraday level since October 12 but it's the Oct 9 intraday high of $50.92 that's the level to watch.

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