Crude Oil Price Forecasts – Crude Oil Markets Continue To Sing And Dance The Same Way

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Crude Oil Video 09.07.20

Brent

Brent will of course follow the same general pattern, so I like the idea of ​​buying dips on this market as well. The difference between Brent and West Texas Intermediate Crude is that the Brent market has not closed the gap, so it certainly has a lot more leeway than the WTI market. In the $ 46 region, we not only have the top of the spread, but we also have the 200-day EMA. It is possible that this market is playing a little “catching up” while waiting and therefore I like the idea of ​​buying this market on the WTI market. The 50-day EMA also appears to be entering the gap area, providing even more support.

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