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Commodities

2023 High for WTI Crude at 89.29 $/barrel

MarketsFN Team

•1 min read
2023 High for WTI Crude at 89.29 $/barrel

Crude Oil made today a Breakout of the recent multiple highs, now is gaining 20.03% to 89.07. Next test 90 and then 93.7. Market sentiment likely to change from positive to neutral if retraces below 84 $/barrel.

Negative framework likely to develop only below 78 and the 200 day SMA, now 13$ below current prices.

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