Crude oil WTI; sell 48.80; target 45.00, stop 51.55
Flag in recent downtrend points to next downside target at 45.00
Technically a little oversold already, so caution.
Fundamentally market oversupplied; Spread structure has been weak
Refinerie demand for Heating oil low, demand for gasoline will be slowing down in the next few weeks
Technically a little oversold already, so caution.
Fundamentally market oversupplied; Spread structure has been weak
Refinerie demand for Heating oil low, demand for gasoline will be slowing down in the next few weeks
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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.