CME NYMEX:CL WTI Crude Oil Futures prices Long-term forecast, Buy, Target 254 (+293.8%)

WTI Crude Oil Futures (CME NYMEX: CL)
Trade : Buy
Entry : 64.5
Target : 254 (+189.5, +293.8%) ~ 335 (+270.5, +419.38%)
Stop : 49.4 (-15.1, -23.41%)
Posted on Friday, May 7, 2021

Note : In the long run, how high will crude oil price rise?

In my opinion, it will go up very, very high, such a high level that no one can imagine and believe.

In April last year, they fell to -40. There can not be minus in price, but that kind of nonsense happened. We may see a ridiculously high price in the future.

If my view is right, WTI crude oil futures prices would soar to 250 ~ 350. Key prices are 57.50 and 64.40. Resistances could be 150, 254 and 335. Support could be 34.11.

Whatever other people say, my opinion is as above.

[NYMEX: CL, WTI crude oil futures prices monthly chart]
CME NYMEX:CL WTI Crude Oil Futures prices Long-term forecast, Buy, Target 254 (+293.8%)
CME NYMEX:CL WTI Crude Oil Futures prices Long-term forecast, Buy, Target 254 (+293.8%)