FUND Buy 23.09.2021 11:22
WTI Crude Oil: the price won back its losses
Prices for WTI crude oil started the week with a downward correction amid problems of the major Chinese developer Evergrande Group. As a result, the asset reached 69.30, after which it resumed its growth and has now completely won back its losses.
FUND Buy 16.09.2021 09:49
WTI Crude Oil: oil demand continues to grow
Against the backdrop of a positive report from the International Energy Agency, the price of North American light oil WTI Crude Oil is rising, trading at 72.46.
TECH Sell 13.09.2021 07:49
WTI Crude Oil: wave analysis
The price is in a correction, a fall is possible.
On the daily chart, a downward correction of the higher level developed as the wave B, and the upward wave C develops, within which the first wave 1 of (1) of C developed. Now, a downward correction is developing as the wave 2 of (1), within which the wave a of 2 has formed, and a local correction is ending as the wave b of 2. If the assumption is correct, after the end of the correction, the price will fall to the levels of 59.66–49.02. In this scenario, critical stop loss level is 77.00.