Source: Schwab Network News Agency
2 weeks ago•
General Medium Importance
$105 Critical Crude Oil Level, U.S.-Iran War Shows "Demand Destruction" Risk

$105 Critical Crude Oil Level, U.S.-Iran War Shows "Demand Destruction" Risk

Carley Garner (@Decarleytrading) believes the $10 rally in crude oil seen over the span of three days was too much, too fast, though that doesn't mean upside pressure will continue. She sees $105 as a strong resistance level for crude but shares concerns of price squeezing risk should a breakout occur.
Source: Schwab Network
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