Description
WTI and Brent crude oil prices face conflicting supply signals as U.S. crude inventories fall while gasoline stocks rise. With WTI holding near $100 and Brent testing $110 support after its January contract rollover, could another buying opportunity be developing?
This crude oil price forecast examines WTI resistance at $105, Brent support at $107 and its 50-day EMA near $103.26. Falling crude inventories and continued Middle East supply constraints support the buy-the-dip outlook, but rising gasoline stocks and improving export access could limit gains.
For the full article:
https://www.fxempire.com/forecasts/article/wti-and-brent-crude-draw-supports-oil-but-gasoline-sends-a-different-signal-1641306/
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