Crude oil pushes to new highs and looks to test the cycle high

Technical Analysis

Author: Greg Michalowski | crude-oil

The the high from last week reached $63.81

The the price of crude oil has moved to a new session high as the OPEC+ the developments continue. The contract is up testing the highs from last week and $63.81. The price is just off that level now.  A move above 

The the high from last week reached $63.81_
Looking at the continuous contract (using the most active contract), the nex target comes against the January 2020 high price of $65.65.

Crude oil on the daily chart

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