Crude oil price analysis by honarparvar

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· @honarparvar ·
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Crude oil price analysis
![IMG_20190409_014422.jpg](https://cdn.steemitimages.com/DQmdevhfHP3mwchiqxq1JfGHniwp8m9veBRampFroCjNBpq/IMG_20190409_014422.jpg)

Price of #crude #oil
#Brent $71.1 (+0.76 / +1.08%)
#WTI   $64.46 (+1.38 / +2.19%)
8 Apr 20:58 UTC 

Brent crude rose by US76 cents or 1.1% to US$71.10 a barrel and US Nymex rose by US$1.32 or 2.1% to US$64.40 a barrel.

Crude Oil Prices are up more than 33% since the start of the year with the breakout now testing a major technical resistance zone at five-month highs early in the month.Where Crude heading?

If the conflicts in Iran, Libya and Venezuela continue, the prices may stay above the current level after a *correction*

if any of these areas become calm, the correction will result in a longer side on the lower support level.
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