WTI/Brent - Longterm Target Over $100

WTI 4day Chart

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Brent 4day Chart

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The steadily decreasing supply of oil, due to depleting reserves will push the prices higher in the future.

In the imminent course, we expect the crude prices to drop. Brent prices should fall below $60.34 first and continue to drop under $57.40. WTI, on the other hand, should be traded under $57.27 in the first instance and then fall all the way down to around $53.93. 

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