XTIUSD MONTHLY CHART – 4 Year Lows
I had to go to a monthly chart to find crude oil levels following the break of $61.66 to a 4 year low… while the next level on charts is not until n33.30, set during the Covid crisis, it would take another black swan event to send it there.
With that said, I am not suggesting to buy a falling knife so watch $50-55 to see if this area can forms support.