Did we touch the bottom for WTI ?
Based on technical analysis, we could see the rebound continue and see the WTI back to 50 and above by the end of the year. There is a bullish divergence appearing, but we should wait a week or two before confirming it is a real rebound.
However, note that some still see the WTI at 15.0... , other says "Crude prices to stay low for ‘some time' " (Total CEO)
To be continued...
Target 60
Stop loss 36.50
However, note that some still see the WTI at 15.0... , other says "Crude prices to stay low for ‘some time' " (Total CEO)
To be continued...
Target 60
Stop loss 36.50
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