Scurrying price action - will Bears take a swipe at upside hopes?

Q observes the makings of what appears to be a recovery in markets.

But, the question remains...

Will they fall short by the paw of a dead cat bounce - or embark on a reversal higher?

West Texas Intermediate (WTI) Crude Oil, US OIL - Daily (D1)

Crude oil prices appear to surge into resistance at USD 73 per barrel. Further, bulls may feel chuffed after turning some heads by re-claiming the 200-day moving average indicator (D1 200 MA, BLUE).

However, a daily close above resistance will likely see a trend flip of the 20-day exponential moving average (D1 20 EMA, GREEN) - converting this zone from resistance into support is critical in maintaining a bullish reversal.

With crude oil’s situation in mind, Q turns focus to price action developments in major US stock indices and cryptocurrencies below.

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Qluster Research

US Equities, Crude Oil, BTC/USD, ETH/USD…

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