Crude Oil Forms Bullish Inverse Head & Shoulders Near Major Support – Eyes on $70 Resistance

CRUDE OIL was closed on Friday at weekly higher levels after testing the low level of $ 62.10 in the last weekly trading session as WTI crude oil futures ticked higher by 0.2% to settle at $63 per barrel on Friday, booking their first weekly gain in three weeks as geopolitical tensions and supply dynamics kept markets volatile. The conflict in Ukraine added uncertainty after Russia launched new airstrikes and Ukraine struck a refinery and a key oil pumping station, disrupting deliveries through the Druzhba pipeline.
Recent News
AUDUSD trading at oversold range as per...
October 28, 2024
Market Insights
Smart recovery in Yen pairs. EUR/JPY bou...
March 05, 2025
Market Insights
XAUUSD
November 23, 2024
Market Insights
V-shaped recovery in Gold! The yellow me...
March 05, 2025
Market Insights
DOW JONES making a bullish flag in 1Hr t...
June 16, 2025
Market Insights
Gold Drops After $2,900–$3,000 Rejection...
February 28, 2025
Market Insights