$115/barrel Crude on the cards
Crude oil has broken out from a multi-year logarithmic descending channel.
Following the start of the Ukraine war, and the breakout in oil price it has since tested the upper channel resistance line, confirmed now as support.
More recently the crude oil price has broken out of its short term descending resistance line and appears to have created a short term bottom.
By 2025 I would expect us to get back up to 115/barrel after the fed loses control of inflation.
Following the start of the Ukraine war, and the breakout in oil price it has since tested the upper channel resistance line, confirmed now as support.
More recently the crude oil price has broken out of its short term descending resistance line and appears to have created a short term bottom.
By 2025 I would expect us to get back up to 115/barrel after the fed loses control of inflation.
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.