Omar87
Short

WTI retest 62 $ area

TVC:USOIL   WTI Rohöl CFD's
Hi Traders,

WTI is retesting 62$ area which is the previous high since 05/2015,
Oil             price has sharply increased by 47.86% since july 2017 with an avrage of 8% per month, so i expect from the buyers that they will hold thier demand and begain negociatitions actions for better price.
I will wait for retracement back to the area of 55-49$, whish are fibs levels to look for long opportunity,

Best Regards,

Omar
good though, bear market since 2011 isn't over yet
Antworten
looks good
+1 Antworten
Omar87 ShezanShani
@ShezanShani, Yeah oil producers are aiming for higher price, i expect it will reach the level of 75/80$ by next year,
Thx for commenting
+1 Antworten
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