FX.co ★ CL/Crude Oil

Oil prices continue to fluctuate due to publications related to the Middle East and negotiations between the US and Iran. In particular, a new round of negotiations is scheduled for April 16, and this positive news was reflected by oil sellers throughout the night. As a result, they achieved a significant decrease: from yesterday's high of 105.00, they reached 95.70 overnight, almost covering the northern gap formed at the beginning of the trading week. Strong support is located around 95.00. If they manage to break through it, the next target will be the round support level of 90.00. I believe that at least until Thursday, sellers will dominate unless there is an escalation of the conflict.