WTI: Weekly Forecast 20210613
WTI continued to edge higher as inflation continued to stay persistently high.
At the same time, the price is breaking away from a rising channel and closed higher on the last trading day as well.
This week, we will continue to look for buying opportunities by waiting for a pullback towards 70, bottom of a minor rising channel, followed by the demand zone around 68.5.
We continue to see oil prices climbing towards the major equilibrium level at 76.
At the same time, the price is breaking away from a rising channel and closed higher on the last trading day as well.
This week, we will continue to look for buying opportunities by waiting for a pullback towards 70, bottom of a minor rising channel, followed by the demand zone around 68.5.
We continue to see oil prices climbing towards the major equilibrium level at 76.
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