$115/barrel Crude on the cards
Crude oil has broken out from a multi-year logarithmic descending channel.
Following the start of the Ukraine war, and the breakout in oil price it has since tested the upper channel resistance line, confirmed now as support.
More recently the crude oil price has broken out of its short term descending resistance line and appears to have created a short term bottom.
By 2025 I would expect us to get back up to 115/barrel after the fed loses control of inflation.
Following the start of the Ukraine war, and the breakout in oil price it has since tested the upper channel resistance line, confirmed now as support.
More recently the crude oil price has broken out of its short term descending resistance line and appears to have created a short term bottom.
By 2025 I would expect us to get back up to 115/barrel after the fed loses control of inflation.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.