Crude may trade to as low as 662.5/BBL, then
a possible higher to $80/bbl.
The major down trend may resume at this level
for eventual target of $20 area. Only sustain trading above
880/BBL negate this scenario and may allow crude
to trade much higher.
However, below 662.5/BBL WTI crude oil may trade much lower.
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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.