Oil Daily Review for May 16, 2018
|In this session, we checked in on several major markets and the technical/trading outlook; gold range, oil still bullish, indices bullish but lack conviction.|
|U.S. oil settled higher Tuesday as tensions in the Middle East helped to extend gains in crude futures. West Texas Intermediate crude for June deliver|
|The WTI Crude Oil market had a volatile session during trading on Tuesday, initially trying to go higher but finding enough resistance at the $72 level to tu…|
|Crude oil price technical positioning hints a top may be taking shape. A monthly report from the IEA and official inventory flow data line up|
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Have a nice trading!