Short
Crude Oil forecast 25 October 2021
Crude has been rallying for a while, last week or so being oversold. The trend is going higher but losing its power. Although we had small pullbacks towards 9EMA, I expect bigger correction to around 20EMA ($79.8) before we go significally higher. I believe we could finish this year with $100 per barrel.
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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.