WTI Crude Oil is at a key support level now and i don`t think we have seen the last of it.
OPEC+ unexpectedly decided to cut output in October by 100,000 barrels a day. It`s not much for now, but they will continue cutting the supply until they will get the oil to $90.
I`m looking for a bounce to the $85 - $92 area before heading to $62 by the end of next year, when i expect the beginning of an electric revolution worldwide.
Looking forward to read your opinion about it.
Trade closed: target reached
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First price target reached!
Trade active
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$62 price target in the making. Expected next year.