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CFDs on WTI Crude Oil
Long

WTI Will return to the recent high of 84.87

By Anthony-Ryan
Updated
snapshot

The current global economic outlook makes many bullish investors apprehensive, but there are two factors that will cause bullish investors not to change their minds.
1. The United States has reduced the number of drilling rigs for nine consecutive months, and Saudi Arabia may extend its production cut plan, which will lead to a constant shortage of crude oil.
2. U.S. fuel futures rose to a seven-month high.

Once it returns to around 81.22 on the 21-day daily moving average, it will revisit the recent high of 84.87
Note
79.68-79.82 to long
Note
Focus on 81.22. This point is the most important signal.
Note
A brief ups and downs will reach the target 81.22
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Crude oil continues to be bullish. The target is 82.2-82.32
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Crude oil production may fall. Prices will continue to rise.
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80.91 LONG. Target 82.
Note
Crude oil continued to rise due to several factors. EIA crude oil inventories fell sharply. U.S. economic data continued to weigh on interest rate cut expectations, and the dollar fell. Russia and Saudi Arabia may extend production cuts.
Trade closed: target reached
Reach the target of 82.32 we said yesterday.
80.91 long 82.32
Let's wait together for 84.87
Note
It has reached 84 now. Will it reach our target of 84.87 today?
Trade closed: target reached
As I said on Monday. Crude oil will be higher than 84.87. 85.17
Note
Rebound repeatedly in the 84-3-84.9 range
Note
Crude oil still has a rising range. Pay attention to the rebound 84.8
Note
Crude oil remains bullish. Pay attention to the 85.20 support before the US market,
Support and ResistanceTrend AnalysisTrend LinesCrude Oil WTIusoilanalysisusoillongwticrude
Anthony-Ryan
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