Crude Oil Intraday Overview October 23rd

Oil prices rose on Monday over supply concerns in the Middle East and as the U.S. market showed further signs of tightening while demand in Asia keeps rising.

Crude Oil tested the resistance at 52.34 and pulled back towards Tenkansen and EMA 50 Support 51.69.

As we have mentioned in our previous articles, 52.20 must be broken and Crude needs to make H4 closing above this level to continue its upward move.

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Source: https://www.fxters.com/crude-oil-intraday-overview-october-23rd/

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