Crude Oil at important resistance

Crude has had quite a ride in the last 12 months. Negative prices which nobody could have imagined. What is the current trend for Crude?

The chart shows it is bullish. It is above all major moving averages on the daily charts. It is however reaching an important resistance zone from 2019 which has provided resistance multiple times in the past.

If it breaks past this zone, the move upwards could be quite sharp. However it is possible this zone again provides resistance to prices. Price action here is critical and should be observed carefully.

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