The Iran headlines on a US nuclear offer weighed on crude, sapping some of the earlier gains. Still, it settled 89-cents higher to $63.41. That’s the highest since May 13.
Zooming out to the daily chart, do we have an inverted head-and-shoulders shaping up here? If the neckline breaks it would target $73.
This article was written by Adam Button at www.forexlive.com.
