TVC:USOIL   CFDs on WTI Crude Oil
USOIL

Regardless of the fall in prices in the May contracts and the rationalization of the chart according to the validity of the waves, after the completion of the projected correction, we will see the oil price rise again to the range of $ 100. But despite the breakdown of the dynamic ceiling after this upward wave, we expect to see a drop in crude oil prices again after hitting this range. According to the timeline, the scenario is predicted to happen in the next 18 months, which may be due to the beginning of another tension in the Middle East.

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