Crude oil has been rising for nearly half a year, since July 2017. Cycles in crude oil price generally last for half a year. This is one of the reasons why the price should bounce down from $60 over the next few weeks. Another reason for an upcoming decline in crude oil price is that it has approached a resistance zone at $60 or just above. This is the first re-test of that resistance zone since it was established in summer 2015, so it will take time for this resistance to be broken.
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I expect rising Prices in the Direction of Usd 100/110 for the coming Years
short and medium term: oscillations between 62 and 47. Then outbreak of the 62/63 mark with the following increase.
kurz und mittelfristig: oszillationen zwischen 62 und 47. Dann Ausbruch der 62/63 Marke mit folgendem Anstieg.
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