WTI NYMEX CRUDE OIL FORECAST- Pull back or still some Gas left?
Crude oil had a crazy rally last year and was one of the most promising commodities and is still a performer in January 2018
along with other commodities such as GOLD and Silver. However there seems to be some resistance up ahead for WTI crude oil
around the $67 dollar mark and by the looks of it, it can be a good time to short. Yes! i do believe Crude oil is headed upwards in the $75-$80 mark as most of the analyst on trading view as well as big banks which expect nymex to cross $80 in 2018. But all that put aside I still think we can see some pull back here and test some resistance levels it took out
recently in the last few weeks. Once was a resistance now becomes support, So it would be a good time to test those
support levels right now for further gains. I would personally want to short on those levels for short term gains.
along with other commodities such as GOLD and Silver. However there seems to be some resistance up ahead for WTI crude oil
around the $67 dollar mark and by the looks of it, it can be a good time to short. Yes! i do believe Crude oil is headed upwards in the $75-$80 mark as most of the analyst on trading view as well as big banks which expect nymex to cross $80 in 2018. But all that put aside I still think we can see some pull back here and test some resistance levels it took out
recently in the last few weeks. Once was a resistance now becomes support, So it would be a good time to test those
support levels right now for further gains. I would personally want to short on those levels for short term gains.
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