Wednesday, January 8, 2020

Crude Oil (WTI) (US$62.98)

Crude oil prices surged on Tuesday after Iran fired multiples missiles at US airbase in Iraq raising fears of a wider Middle East conflict.

Looking at the long-term monthly chart for crude oil (WTI) price, after hitting a low of US$50.99 in October 2019, crude oil prices have been moving up steadily forming the mini wave 3 of wave iii of D. The wave D is likely to end in 2021.


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