Crude Oil Technical Forecast: Oil Bulls Don't Look Finished Yet
Bulls came back in a big way this week in crude oil, and they may not be finished just yet.
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Bulls came back in a big way this week in crude oil, and they may not be finished just yet.
Oil traders are eying US inventory data from the API and EIA this week after WTI crude prices pierced below a key trendline. Covid cases in China continue to rise, and the US ordered staff to evacu...
WTI oil is a long way off its March spike-high, now finding some support that may keep it buoyed; levels and lines to watch.
Oil prices have plunged 27% off the highs and the correction may yet drill deeper in the days ahead. The technical trade levels that matter on the WTI weekly chart.
WTI and Brent crude oil prices rose as appetite for a Russian oil embargo grows in Europe. Meanwhile, the US is considering new sanctions amid global outrage about alleged Russian war crimes.