WTI CRUDE OIL
At this point, the main question is whether oil traders are bullish enough to ignore the shocking inventory report.
Currently, oil is moving lower which is not surprising after such a report. However,
oil needs to settle at $45 level to have a chance to develop upside momentum.
Currently, oil is supported by vaccine optimism and hopes for a new round of U.S. economy
in the meantime wait the price to retest the support ear $45.33
than look for bull back buying opportunities
Currently, oil is moving lower which is not surprising after such a report. However,
oil needs to settle at $45 level to have a chance to develop upside momentum.
Currently, oil is supported by vaccine optimism and hopes for a new round of U.S. economy
in the meantime wait the price to retest the support ear $45.33
than look for bull back buying opportunities
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.