Crude Oil Update
1. Crude oil jumped to a fresh 10‑day peak at $60.10 on Thursday, showing renewed strength in the market.
2. Prices pushed back above the 20‑day moving average for the fourth straight session, signaling steady momentum.
3. The move also marked an early breakout from the downward channel that had been containing prices.
4. On the weekly chart, the trend has finally flipped to a bullish reversal after five weeks of weakness.
Instrument: Crude Oil | Sentiment: Positive
