-
Crude Oil Forecast: Brent Markets Display Signs of Consolidation
The West Texas Intermediate Crude Oil market and the Brent markets have recently shown signs of consolidation, with both facing resistance at key levels. As traders assess the market conditions, the focus remains on the potential for further movement and the levels to watch out for. During the previous trading session, the WTI Crude Oil market surpassed the $75 level but encountered resistance near the 200-Day Exponential Moving Average. This indicates a potential barrier to further upward momentum. However, if the market displays resilience, there is a possibility of sideways movement to alleviate some of the recent ... (full story)