WTI - 13 Jul 2022
After its last rise on June 15 in the range of 124, oil has experienced a drop to the range of 104 and now 96.
From the rise caused by the conflicts between Russia and Ukraine, American inflation had a significant impact on the price drop.
Due to the continued inflationary trend in the world, the demand for buying oil is decreasing.
Support: 91.91-96.33
Resistances: 106-110.17
From the rise caused by the conflicts between Russia and Ukraine, American inflation had a significant impact on the price drop.
Due to the continued inflationary trend in the world, the demand for buying oil is decreasing.
Support: 91.91-96.33
Resistances: 106-110.17
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