Commodities Analysis by Michele Schneider covering: Crude Oil WTI Futures. Read Michele Schneider's latest article on Investing.com
From November 2022 until the present, what do you see?Opportunists will see volatility and a reason to sit aside as at $73-$74 oil is in the middle of the range.I see major support around $72 and good resistance at $80.Between the newest Hurricane and the Middle East potential for disruption to Iranian oil fields, this is hardly the time for complacency.
In fact, thank you China for selling off, as this might have given traders a cheaper entry in oil with a good risk.iShares iBoxx Hi Yd Cor Bond ETF Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events.
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