Here is our next video about Crude oil June analysis. Crude oil price hit new highs last seen at the beginning of March 2022. WTI oil price analysis shows that the commodity rose to $120 or a level last seen on March 9th.
The crude oil June forecast also conveys that the reason for the oil price spike is that Saudi Arabia raised Crude prices for July. With China getting out of lockdowns and demand likely to spike, Crude oil June price is seen as likely to increase.
However with OPEC production rising, supply demand forces might push the price down. Crude oil in June could drop due to exaggeration of market reaction.
Watch the full video for our take on Oil price forecast and a deeper insight into what to expect in the months ahead from our Crude oil price prediction. Drop us a line in the comments with your thoughts on Oil price latest news.
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00:00 Intro
01:27 Oil price extreme volatility
04:07 Oil support and resistance
04:42 Oil technical analysis
10:40 Recap
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5 Comments
Dude, you are getting it so wrong, China open up yes, but all mid and small business are dead, demand goes down, not up…
Hey David – /CL CRUDE – higher high today but needs to close above the break at 119.98 IF it does then 120.46 – 120.99 todays high – 124.77 – 126.84 – the retest 130.50 Not much RES over the Break — downside watch 117.87 – 117.63 – 117.07 – the 8sma is at 115.86 & the 21sma is at 111.26 — OPEC adding more crude — they only time they lie is when there Lips move — any pullback is a buying opp — ( :
What are your thoughts about traders who live in russia
Good bless you
I have multiple positions in Canadians oil stocks, it’s for a multi year bull market 📈 that started after oil going Zero, so no interest in selling or shorting even if oil goes 80$