Not much has changed in oil during last week, but the close got higher the start of the gap from the crash.
Still expecting to break the resistance to trade it up.
So far OPEC+ used a lot of production cuts to boost the oil markets and if economies reopening proceeds as it does now, we should see the break to the upside.
Support level break would indicate a pullback and potential to capture quick profit on the sell side.
Please support the idea and share your thoughts on WTI!
Good Luck and Stay Healthy!
Still expecting to break the resistance to trade it up.
So far OPEC+ used a lot of production cuts to boost the oil markets and if economies reopening proceeds as it does now, we should see the break to the upside.
Support level break would indicate a pullback and potential to capture quick profit on the sell side.
Please support the idea and share your thoughts on WTI!
Good Luck and Stay Healthy!