OPEC+ are increasing oil production in a steady manner.
Now WTI price is going up, but where and until when?
I think it can go to 65.00 or more.
What do you think?
I have a view that the next resistance is around 64, now WTI is trading at 62.74 near the upper band line, and the rise is fading a bit.
Hello.
I think it can go up to 65.1
WTI price is now 62.08 little bit down from 63,31. volatility shrinking.
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Maybe 59 first. Don’t watch all that much, but its fighting resistance at 63. Let’s see who wins!
Winning one time is meaning less.
Winning in the long term means in the trading game.
Yea I can get with that. Long term outlook.
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Oil prices can rise depending on various factors - like supply shifts, geopolitical tensions, or changes in demand. A weaker dollar and market sentiment can also influence upward moves. It’s all about how these dynamics play out over time.