Oil went for the 2nd weekly gain after it broke out from a symmetrical consolidation.
Demand for oil continues to rise as major economies open up and traveling returns.
In a post-pandemic period, the global economy will be on a strong footing on a recovery cycle and we are probably far from over.
While oil prices have continued to climb through the week, we are expecting some sort of major pullbacks as it is about to reach the 21st-century equilibrium level.
This week, we will continue to be patient and wait for significant pullbacks towards the 67 - 66 demand zone before buying again.
Demand for oil continues to rise as major economies open up and traveling returns.
In a post-pandemic period, the global economy will be on a strong footing on a recovery cycle and we are probably far from over.
While oil prices have continued to climb through the week, we are expecting some sort of major pullbacks as it is about to reach the 21st-century equilibrium level.
This week, we will continue to be patient and wait for significant pullbacks towards the 67 - 66 demand zone before buying again.
Penerbitan berkaitan
Penafian
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Penerbitan berkaitan
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.