Previous week Crude Oil rised and made a new top.
In the coming days, experts expecting the price to lose momentum and start bearish pullback. We need to see trendline breakout, followed by a small flag to act as future confirmation. If not, WTI could continue and rise slowly.
Apparently, it is demand, not OPEC+, that is driving oil prices above $70 per barrel. Oil traders are much happier than OPEC+ producers to see these higher prices.
It is widely believed that crude oil prices will continue to rise.
In the coming days, experts expecting the price to lose momentum and start bearish pullback. We need to see trendline breakout, followed by a small flag to act as future confirmation. If not, WTI could continue and rise slowly.
Apparently, it is demand, not OPEC+, that is driving oil prices above $70 per barrel. Oil traders are much happier than OPEC+ producers to see these higher prices.
It is widely believed that crude oil prices will continue to rise.
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.
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.