Crude Spike Proves Short-Lived but the Middle East Remains on EdgeThe U.S. attack which killed a top Iranian general has caused volatility in the oil markets. Crude soared at the start of the week, but has quickly leveled off. What’s next?
Investors on Edge After U.S. Strike
Crude broke through some resistance levels on Monday, but could not consolidate these gains. Currently, there is immediate resistance at 63.25. Above, there is resistance at 64.20. On the downside, we find support at 62.25, followed by support at 61.50.