WTI has been over the 200ma since February 2024 with the uncertainty in the gulf states and a possible blockade oil prices would surge , but this is oil we are talking about , this chart I'm taking the stance of an increase up to $87 usd over the next week as a top price but could surge if events escalate , on the downside there could be a massive pull back if theres de escalation , most unlikely at this stage but it is good to be mindful of such events , as is usual with oil the volume in either direction will lead the market, i have still got a huge amount to lean about this future , all comments appreciatedTrade active
pretty much as i thought ..if there is more tit for tat price could surge to $90 usd mark
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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.