Crude oil signs of basing emerge
WTI Crude Oil closed higher overnight at $69.17 (3.21%) on news that production at Norway’s Johan Sverdrup oilfield had been halted due to a power outage.
An escalation in European Geopolitical tensions also supported the rally after the Biden administration agreed to allow Ukraine to use US long-range missiles to strike targets within Russia.
A bullish engulfing candle has formed overnight from just ahead of key support $66.00/$65.00 area, which suggests further upside towards $71.50/72.50 is likely in the sessions ahead.
An escalation in European Geopolitical tensions also supported the rally after the Biden administration agreed to allow Ukraine to use US long-range missiles to strike targets within Russia.
A bullish engulfing candle has formed overnight from just ahead of key support $66.00/$65.00 area, which suggests further upside towards $71.50/72.50 is likely in the sessions ahead.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.