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Friday crude oil futures surged strongly in evening trading, approaching the $100 mark!
Latest quote $99.31/barrel, with intraday gains expanding to +3.74%, touching a session high of $99.32.
Key levels:
Open: 96.74
Previous close: 96.39
Low: 92.04
SAR indicator: 115.44 (intermediate resistance level)
Technically, oil prices have broken through the recent consolidation zone. If it can hold above $99 next, the next target will be the $104 mark. However, the SAR indicator remains at elevated levels, suggesting potential short-term volatility.