No reason to get excited about hopes of a recovery

CRUDE OIL, WTI – Technical Outlook:

• crude oil‘s rally this week may not have legs.
• There is a risk of extended sideways range.
• What is the rationale and what are the key levels to consider?

CRUDE OIL TECHNICAL OUTLOOK – NEUTRAL

It may be premature to celebrate crude oil‘s recovery this week. There’s a good chance the rally will run out of steam soon as the wider range-bound structure…