WTI TARGET 93

Yesterday, the IEA released its latest report, forecasting prices and production in 2023 and 2024. The forecast pointed out that the global oil market is facing tight supply, which directly affects the trend of oil prices. Crude oil broke through the range and hit a new high. Today's callback will continue to be long.

Crude oil has been running below the important pressure level of 90, which is also the target point we must first break through. From the moving average point of view, crude oil has broken above the MA60 moving average, and the overall trend is bullish.

Crude oil is waiting for 90 in the short term and 93 in the long term.

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The overall trend of crude oil rose and fell back yesterday. After rising slightly, bulls were unable to come out of the decline, but the bullish direction remained unchanged.

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88.75-88.83 go long

Trade stängt: målet nått:

90

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Range trading at 90.2-89.7

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Range trading at 90.2-89.7 now

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The support level continues to move upward, waiting for 91.5.