USOIl Crude Oil important Support Level

WTI Crude Oil is at a key support level now and i don`t think we have seen the last of it.

OPEC+ unexpectedly decided to cut output in October by 100,000 barrels a day.
It`s not much for now, but they will continue cutting the supply until they will get the oil to $90.

I`m looking for a bounce to the $85 - $92 area before heading to $62 by the end of next year, when i expect the beginning of an electric revolution worldwide.


Looking forward to read your opinion about it.

Trade geschlossen: Ziel wurde erreicht:

First price target reached!

Trade ist aktiv:

$62 price target in the making. Expected next year.