Previous week Crude Oil rised and made a new top.
In the coming days, experts expecting the price to lose momentum and start bearish pullback. We need to see trendline breakout, followed by a small flag to act as future confirmation. If not, WTI could continue and rise slowly.
Apparently, it is demand, not OPEC+, that is driving oil prices above $70 per barrel. Oil traders are much happier than OPEC+ producers to see these higher prices.
It is widely believed that crude oil prices will continue to rise.
In the coming days, experts expecting the price to lose momentum and start bearish pullback. We need to see trendline breakout, followed by a small flag to act as future confirmation. If not, WTI could continue and rise slowly.
Apparently, it is demand, not OPEC+, that is driving oil prices above $70 per barrel. Oil traders are much happier than OPEC+ producers to see these higher prices.
It is widely believed that crude oil prices will continue to rise.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.