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energybuyer

03/09/22 8:52 AM

#47271 RE: energybuyer #47270

FX Empire
Crude Oil Markets Continue Parabolic Run

Christopher Lewis
Tue, March 8, 2022, 11:41 AM
WTI Crude Oil
The West Texas Intermediate Crude Oil market has rallied significantly during the course of the trading session on Tuesday to show even more parabolic behavior. Ultimately, this is a market that has gotten out of hand, much like a lot of other currencies. At this point, it looks like the $130 level is offering a little bit of resistance, but at this point in time, I just do not see how buyers do not come in on short-term dips. I believe that the $120 level should be supportive, and most certainly the $110 level will be.