Western Texas Intermediate price movement in the coming days

2024年2月7日

Due to OPEC+ production cuts, I expect upward pressure on WTI prices. However, this might change slightly after Q1 ends. Beyond the technicals, the voluntary cuts are not expected to extend into Q2, at least they haven't been announced by OPEC+ yet.

Take Profit at $75

2024年2月8日

註釋

Typo regarding TP, supposed to say Take Profit at $77.5 (the supply zone in chart)