WTI grows following Brent

09 february 2022 153
Elena_Baklanova
Elena_Baklanova

Listed among the best MarketCheese authors
1st in the segment "Oil and gas"
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WTI crude oil grows following Brent. But the price for Brent has already been close the level of $94 per barrel and the price for WTI has yet to do.


But this is likely to happen later as on the daily chart the bearish pattern “a harami cross” is observed.

The “harami cross” is viewed as stronger pattern rather than the “harami” pattern itself.


Thus, before we can see WTI’s growth to $94 and 99.5 per barrel, a slight decline of its price is possible to $88.

Elena_Baklanova
Elena_Baklanova

Listed among the best MarketCheese authors
1st in the segment "Oil and gas"
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