WTI Crude Oil Analysis Into 2025
Oil has sat on a long term lower high trajectory, with price finding firm support on a consistent area of around 66-67 US Dollars per barrel.
It is vital to note that although this continuous support has held, lower highs have become consistent.
In many cases, when you have a long area hit so many times in rapid succession with lower highs, the prices that buyers are willing to pay can drop as the reflective weakening demand ensues.
It is also important not to guess too far ahead when you only really need to focus on nearer zones (even as a swing trader).
The Sentiment case will unfold over time naturally. Don't sweat it too much.
Short bias preferred at labelled areas.
It is vital to note that although this continuous support has held, lower highs have become consistent.
In many cases, when you have a long area hit so many times in rapid succession with lower highs, the prices that buyers are willing to pay can drop as the reflective weakening demand ensues.
It is also important not to guess too far ahead when you only really need to focus on nearer zones (even as a swing trader).
The Sentiment case will unfold over time naturally. Don't sweat it too much.
Short bias preferred at labelled areas.
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