Crude oil analysis .
Symbol :Crude oil or USOIL
Time frame: 15 minutes
Analysis: There is a gap up in crude oil and from last 10 days, the price is in a consolidation.So, if the price crosses above 81,then we can expect a target up to 84 with MacD crossing above zero . If the price crosses below 79.3 then we can expect a target up to 76.3 with MACD crossing...
Crude is favored ended correcting the cycle up from the 12/24/2018 lows where the daily is turning up. The 4 & 1 hour are turning up against the 49.37 lows. While above there expect a turn higher.