The crude oil market continues to attract attention from traders and investors alike, as global uncertainties and evolving supply-demand dynamics drive price movements. In our latest analysis, we’ve identified potential target prices at $67.90 and a more conservative estimate around $64.50, noting that resistance remains firmly positioned near $73.40. Understanding the Targets $67.90 Target: This price point represents a critical…
Crude oil price analysis U.S. benchmark oil price WTI Crude hit its highest level since on Tuesday after OPEC on Monday called off its third attempt to reach an agreement over oil policy management for the coming months, but it didn’t hold those prices and we saw big declines in crude oil price, A solution is likely to be found, uncertainty…
Crude oil price analysis WTI crude oil gained 5% last week to settle at $42.2 per barrel on Friday, the week opening we see crude oil prices continue above 43$, pushed by successful COVID-19 vaccine trials and hopes that OPEC+ would delay by at least three months from January a planned crude output increase. Crude oil technical analysis: Short term…
Crude oil price analysis price oil forecast has been verified what’s next: see below for more updates price ranges from $ 10 to $ 20, examining the level of support in the 9-10 area and now if 26-28 $ will cross up then we should expect to meet 34 $ and even exiting the move towards closing the gap in…
crude oil price analysis Oil trade below $ 20 until when and is this the end? Let’s dive straight into the technical perspective The scenario of 2008-9 where the price plunged and remained in the 33-24 region for 3 months set a bottom and then moved up If this is the case at the moment, then we are likely to…
Crude oil Analysis Crude oil prices have risen to their highest levels since September 2019 at the close of trading last week following the US-China trade deal Another reason for the supposed rise in crude oil prices was the cut in production, which OPEC members concluded that an additional 500,000 barrels per day would be reduced from production by March…
Crude oil Technical analysis And once again it happens… The technical is ahead of the market in its moves This is said about the technical missile -lol Last post I talked about the feasibility of an oil price increase based on the same pattern Will oil price return to trade above $ 70 levels or below$ 50? The attack in…
Crude oil Technical analysis Oil futures rose by more than 4% on Wednesday focused on geopolitical issue – is it a sign of changes Did the oil find support in the $ 50 area or we had a surprise ahead of us? Crude oil analysis Crude oil technical analysis: Short term bearish as long crude oil remain below…
