2019 2020 2021 CME NYMEX: CL WTI crude oil futures prices Long-term forecast and trade ideas - up to $ 162
Crude oil prices shot up into the sky as like rockets. Media and people are talking about the Saudi's oil facilities attacked by a drone. That may be only a superficial reason.
It is not the Saudi incident that pushed up the oil prices. It is just priming. I said that the oil markets were very hot and unstable and oil pirces would go higher.
I bought WTI at $ 53 ~ $ 54 level, and said it was time to buy crude oil. The markets show I was right. (ref: WTI Trading strategy today, CME NYMEX: CL - August 28, 2019 ~)
In my opinion, WTI crude oil prices are likely to go up to $ 162 or so. Resistances wil be $ 70.80, $ 90.94, $ 131.90 and $ 162.00.
I have a positive view of the crude oil markets. If the prices drop, it will be good opportunities to buy.
[WTI oil weekly chart]
It is not the Saudi incident that pushed up the oil prices. It is just priming. I said that the oil markets were very hot and unstable and oil pirces would go higher.
I bought WTI at $ 53 ~ $ 54 level, and said it was time to buy crude oil. The markets show I was right. (ref: WTI Trading strategy today, CME NYMEX: CL - August 28, 2019 ~)
In my opinion, WTI crude oil prices are likely to go up to $ 162 or so. Resistances wil be $ 70.80, $ 90.94, $ 131.90 and $ 162.00.
I have a positive view of the crude oil markets. If the prices drop, it will be good opportunities to buy.
[WTI oil weekly chart]