Which Way Crude Oil Now?

Mike Paulenoff MPtrader

Crude Oil remains a range-bound mess, as volatility remains extremely subdued, suggesting that the price structure is nearing a violent move in one direction or other.

The coiling action in OVX argues that Crude Oil is nearing a violent upside breakout, the first signal of which will occur on a climb above 50.00/60...

Author

Mike Paulenoff

MPtrader

Michael Paulenoff has been a student of and a participant in the world financial markets for the past 26 years, since his graduation from the Georgetown University School of Foreign Service in 1979.

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Altcoins such as Aster, Decred, and Kaspa are leading the broader cryptocurrency market recovery over the last 24 hours, as Bitcoin holds above $70,000 on Monday, up from the $60,000 dip on Thursday.

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