Name: UPDATE: $48 on WTI Crude Oil is a good r/r LONG
Uploaded: 2019-02-26T04:55:07.961766
Channel: UnknownUnicorn266486
Description: Demand is trending at a steady 1.5% YoY, the decline was entirely driven by supply-side shocks. The OPEC rhetoric to cut production is favorable for price big picture but the chart is suggesting lower first into an ideal target of $48.

Beyond Technical Analysis Trend Analysis Chart Patterns WTI USO Crude Oil WTI Crude Oil Brent XOM XLE

beyondta trendanalysis chartpattern wti uso usoil ukoil xom xle

Demand is trending at a steady 1.5% YoY, the decline was entirely driven by supply-side shocks. The OPEC rhetoric to cut production is favorable for price big picture but the chart is suggesting lower first into an ideal target of $48.

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