Western Texas Intermediate price movement in the coming days
Due to OPEC+ production cuts, I expect upward pressure on WTI prices. However, this might change slightly after Q1 ends. Beyond the technicals, the voluntary cuts are not expected to extend into Q2, at least they haven't been announced by OPEC+ yet.
Take Profit at $75
Take Profit at $75
Note
Typo regarding TP, supposed to say Take Profit at $77.5 (the supply zone in chart)
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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.