The latest consolidation in oil prices appears to be over, with both Brent and WTI posting solid gains. There are currently no signs of increased supply from major producers, and economic data continues to support the idea of more growth.
Crude oil has now reached 95.04, which has exceeded our expectation of 93.5. Under the current market conditions, crude oil will slowly rise to 100.
Now the trading strategy is pulling back and rising slowly. The range of 93.5-94.8 continues to rise.
Note
Crude oil is trading in the 93.20-94.50 range, waiting for opportunitiesNote
The correction price of crude oil should be around 92.5-90 at the end of this weekNote
91.5-93.5Note
The correction price of crude oil should be around 92.5-90 at the end of this week. Pay attention to transaction
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.