Crude oil rallied a lot amid tensions between Russia and Ukraine. If war breaks out, crude oil will continue to rise.
According to technical analysis, crude oil is expected to continue to rise a little and then start to fall.
Judging from the KDJ indicator, there will soon be a top divergence and then start to decline.
WTIUSD is already overbought and is expected to continue to rise a bit, then traders will sell heavily and WTIUSD will fall.
If war breaks out, crude oil must rise
According to technical analysis, crude oil is expected to continue to rise a little and then start to fall.
Judging from the KDJ indicator, there will soon be a top divergence and then start to decline.
WTIUSD is already overbought and is expected to continue to rise a bit, then traders will sell heavily and WTIUSD will fall.
If war breaks out, crude oil must rise