Crude oil snaps It's three day run to the upside ...Middle East

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Technically, the price moved above a trend line yesterday. The next key target on the daily chart would be the 50% midpoint of the move down from the September 2023 high. That level is at $80.15.

Today the price could not stretch any further to the upside. However, the low price did stalled against the broken trendline. That level comes in and $77.34. The low price came in at $77.41.

This article was written by Greg Michalowski at www.forexlive.com.

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