1. As a result of terrorist attacks last weekend on Saudi ARAMCO reservoirs followed by an official declaration from Saudi government regarding expected shortage in market, it is strongly expected that prices will suffer from enormous increase starting from this week. Also, GP Morgan has expected that Brent prices may hit $189.00 next weeks which impacted WTI prices consequently.
2. Prices closed last week @ $110.88 accompanied with falling volumes in from traders in the last two hours @ 10.331k and 852 operations. Due to last week attacks, it is possible for market to start with high buying volume this week.
3. Technically, prices allocated above the VWAP line with support from EMA20 (green curve), EMA50 (blue curve), and EMA100 (white curve). This is an acceptable evidence regarding continual up rending of prices next days.
4. Prices ended last week sessions fluctuating between $110.6x and 1$14.6x . Breaking this testing zone with strong buying volume means prices will gradually hit targets calculated by Fib pattern.
2. Prices closed last week @ $110.88 accompanied with falling volumes in from traders in the last two hours @ 10.331k and 852 operations. Due to last week attacks, it is possible for market to start with high buying volume this week.
3. Technically, prices allocated above the VWAP line with support from EMA20 (green curve), EMA50 (blue curve), and EMA100 (white curve). This is an acceptable evidence regarding continual up rending of prices next days.
4. Prices ended last week sessions fluctuating between $110.6x and 1$14.6x . Breaking this testing zone with strong buying volume means prices will gradually hit targets calculated by Fib pattern.