WTI is setting out to new oceans of black gold. The crucial hurdle for the bulls is now the resistance line at $46.68. The bulls need to break above this line to further develop wave [iii] in green. In case we fail, there might be a correction on the way. Under $43.92, the bears unlock downwards potential, and lower prices at around $40 might be imminent. For the first half of 2021, we expect higher shale prices at around $55.
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š Free daily market insights combining macro + Elliott Wave analysis
š Spot trends early with momentum, sentiment & price structure
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š Spot trends early with momentum, sentiment & price structure
š Join thousands trading smarter - full free analyses at dailymarketupdate.com
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Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.