Fx-jomic

WTI CRUDE OIL

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TVC:USOIL   Нефть марки WTI
WTI CRUDE OIL has broken above the $45 level during the course of the week, showing signs of continued strength.
At this point, it is likely that we go looking towards the $51 level.
That is an area that I think will continue to cause some serious issues, as it is a large,
round, psychologically significant figure and of course where we see the 200 MA sitting just above.
I do think that might be the target over the next couple of weeks though,
as people are also starting to price and the possibility of an extension of OPEC production cuts.

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