Crude Oil Prices Soar On Saudi Purge, Iran War Worries

Crude Oil Prices Soar on Saudi Purge, Iran War Worries

Chart created using TradingView

CRUDE OIL TECHNICAL ANALYSIS – Crude oil prices continue to push higher, with buyers now aiming to challenge resistance marked by the 38.2% Fibonacci expansion at 58.92. A daily close above that exposes the 50% level at 60.48. Alternatively, a turn back below the 23.6% Fib at 57.00 targets the 55.24-81 area (14.6% expansion, January 3 high).

Crude Oil Prices Soar on Saudi Purge, Iran War Worries

Chart created using TradingView

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