https://www.tradingview.com/news/mtnewswires.com:20230811:A2965179:0-oil-moves-higher-as-the-iea-warns-opec-cuts-likely-to-raise-prices-further-and-trims-its-2024-demand-forecast/
Crude to break above 90 by sep 15th due to OPEC+ cutting oil supplies among surging global demand. Price points to watch is if price breaks below 82.70 and Holds- Could mean price rotating back inside value and it could be the begining of a 80% likely flush to the down side- However- if price hold above 83.50 and holds- I am looking for over 90 by the end of the month.
Crude to break above 90 by sep 15th due to OPEC+ cutting oil supplies among surging global demand. Price points to watch is if price breaks below 82.70 and Holds- Could mean price rotating back inside value and it could be the begining of a 80% likely flush to the down side- However- if price hold above 83.50 and holds- I am looking for over 90 by the end of the month.
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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.