CRUDE OIL, is it a chance to take a long position ?
after the last move in the previous days, there is a good chance to take a long position to the next levels at range of ($80) as a long term trading opportunity.
However, in case that the prices did not hold on in the next weeks and fallen to the average of ( 67.5) it could be a fake double bottom, and we will see that the WTI will start to move in a side way.
according to the last OBEC plus meeting, there is no chance to be a new change in the production of the OIL in future, as they will keep the production as it is as the last meeting.
However, in case that the prices did not hold on in the next weeks and fallen to the average of ( 67.5) it could be a fake double bottom, and we will see that the WTI will start to move in a side way.
according to the last OBEC plus meeting, there is no chance to be a new change in the production of the OIL in future, as they will keep the production as it is as the last meeting.