Blog: 30 Oct - WTI Price Remain Bullish, Heading 55.04

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2 comment(s). Last comment by einvest88 2017-10-30 16:01

einvest88

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Posted by einvest88 > 2017-10-30 15:52 | Report Abuse

crude oil 55-56 not a big resistance compared with 52-53. 52-53 was the neckline that take so many months to breakthrough. 55-56 just the high of 1st wave. With crude oil price now confirm in 3rd wave...min target is 72...We will expect for whole of 2018 crude oil prices will be trending up min 72 possible 100+ if 3rd wave is extension wave...You will see crude oil breaking 147+ in 10-20 years time...before electrical car come in big way into the market.

einvest88

416 posts

Posted by einvest88 > 2017-10-30 16:01 | Report Abuse

One also need to look at Brent oil. WTI a bit laggard compared with Brent. Brent already breakthrough the last high of 59+ when Wti at 55-56..Now we should look at Brent next target at 70+ and Wti at 62+

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