WTI
has been over the 200ma since February 2024 with the uncertainty in the gulf states and a possible blockade oil prices would surge , but this is oil we are talking about , this chart I'm taking the stance of an increase up to $87 usd over the next week as a top price but could surge if events escalate , on the downside there could be a massive pull back if theres de escalation , most unlikely at this stage but it is good to be mindful of such events , as is usual with oil the volume in either direction will lead the market, i have still got a huge amount to lean about this future , all comments appreciated
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pretty much as i thought ..if there is more tit for tat price could surge to $90 usd mark