Uptrend - long position
CRUDE OIL FUTURES (MAY 2022)
WTI has stabilised in a thin $102-106ish range and at current levels in the 103.00s trades broadly flat.
According to the International Energy Agency, oil markets could lose as much as 3M barrels per day in supply from Russia from April.
Daily Pivot Point S1 96.12
Daily Pivot Point S2 90.16
Daily Pivot Point S3 86.88
Daily Pivot Point R1 105.36
Daily Pivot Point R2 108.64
Daily Pivot Point R3 114.6
WTI has stabilised in a thin $102-106ish range and at current levels in the 103.00s trades broadly flat.
According to the International Energy Agency, oil markets could lose as much as 3M barrels per day in supply from Russia from April.
Daily Pivot Point S1 96.12
Daily Pivot Point S2 90.16
Daily Pivot Point S3 86.88
Daily Pivot Point R1 105.36
Daily Pivot Point R2 108.64
Daily Pivot Point R3 114.6
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