Crude Oil Price Analysis – Crude Oil Waits for Talks to End
FX Empire·2026-04-21 22:29

There are talks today and we’ll have to see how that plays out, but light sweet crude is hanging around the 61.8% Fibonacci retracement level and the 50-day EMA at the same time. So, if there’s an area where you would expect to see support, it would probably be here.A breakdown from here could open up a move back down toward the $80 level. That could be a result of an actual permanent agreement or signs that a permanent agreement between the Americans and the Iranians could happen. If that were to happen, t ...

Crude Oil Price Analysis – Crude Oil Waits for Talks to End - Reportify