The latest consolidation in oil prices appears to be over, with both Brent and WTI posting solid gains. There are currently no signs of increased supply from major producers, and economic data continues to support the idea of more growth.
Crude oil has now reached 95.04, which has exceeded our expectation of 93.5. Under the current market conditions, crude oil will slowly rise to 100.
Now the trading strategy is pulling back and rising slowly. The range of 93.5-94.8 continues to rise.
Nota
Crude oil is trading in the 93.20-94.50 range, waiting for opportunities
Nota
The correction price of crude oil should be around 92.5-90 at the end of this week
Nota
91.5-93.5
Nota
The correction price of crude oil should be around 92.5-90 at the end of this week. Pay attention to transaction
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