Brent Crude Oil forecast. What happened during Ukraine’s invasion?
Brent Crude Oil forecast. What happened during Ukraine’s invasion? You may be wondering why Brent Crude Oil and Light Crude Oil futures #CL did during Ukraine’s invasion and the war started by Russia. Every financial institution and media talked about the repercussions of such an attack on oil and gas prices. What happened to Brent...
Light Crude Oil CL Price during Ukrainian and Russian war
Light Crude Oil jumped to $130 a barrel at one point, the highest level for over a decade, while wholesale gas prices for next-day delivery more than doubled. However, if we look at the monthly timeframe, Light Crude Oil CL analysis below, you will see a strong monthly imbalance of around $130 has been reached....
Crude Oil price analysis and forecast
As major economies go into lockdown, oil demand continues to fall off a cliff. A few days ago, the U.S. did very little against coronavirus propagation. In just a few days, there has been a proliferation of school cancellations, mass gathering prohibitions and mandatory telework orders, following suit with what has been done in other...
Crude oil price forecast 2019
Light Crude Oil WTI Futures #CL has a monthly demand level located around $48.64 that gained control a couple of months ago. The fact that we have had that monthly imbalance in control allowed us to make decisions. 1) No shorts are allowed to trade against a big timeframe demand imbalance that has gained control....
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