Western Texas Intermediate price movement in the coming days

Long

CFDs on Crude Oil (WTI) (FX:USOIL)

Updated

FX:USOIL CFDs on Crude Oil (WTI)

Due to OPEC+ production cuts, I expect upward pressure on WTI prices. However, this might change slightly after Q1 ends. Beyond the technicals, the voluntary cuts are not expected to extend into Q2, at least they haven't been announced by OPEC+ yet.

Take Profit at $75

Comment:

Typo regarding TP, supposed to say Take Profit at $77.5 (the supply zone in chart)

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