WTI Crude Breaks Key Resistance at $60 But May Be Trading Into Possible Supply

Crude Oil has begun the trading year by breaking above key resistance near $60 and at the same time is trading close to a previous demand zone made in 2015. Bull/Bear case here for Crude. All eyes on the $60 to $63 range to see what happens next.

Oil inventories out today may give some volatility to this market.

Good trading!

All eyes on oil as it trades near resistance
Crude Oil trading in key $60 – $63 zone.