Crude Oil Price Steadies the Ship Despite the Fed Staying on Course. Where to for WTI?
Crude Oil, WTI, Energy, Europe, FOMC, Fed Minutes, Contango – Talking Points Crude oil prices found some support today after solid US jobs data on Friday The Fed still have its work cut out for them and that might weigh on WTI Some structural aspects of futures could be saying something. New lows for WTI? […]
WTI hovers around $73.60 despite a soft US Dollar
WTI is set to end the week with substantial losses of 8.40% The jobs report showed a slowdown in wages, while the labor market remains resilient. WTI failed to capitalize on US Dollar weakness after the US Services PMI shrinkage Western Texas Intermediate (WTI), the US crude oil benchmark, hovers at around $73.70s, almost flat, […]
WTI Crude Oil: Elliott wave analysis and forecast for 06.01.23 – 13.01.23
2023-01-06 2023-01-06 WTI Crude Oil: Elliott wave analysis and forecast for 06.01.23 – 13.01.23 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ Main scenario: consider short positions from corrections below the level of 84.05 with a target of 63.00 – 54.50 once a correction is completed. Alternative scenario: breakout and consolidation above the level of 84.05 will allow the asset to […]