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Trade Idea: WTI to Break Below $85 Support

by Joel Frank
1 September 2022
in Commodities
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With risk-off global macro trading conditions set to remain in place for the foreseeable future amid concerns about central bank tightening as global growth momentum fades and with increased chatter about a possible revival of the Iran nuclear deal, oil prices have been under pressure. WTI looks increasingly at risk of breaking below $85.

For more trading details, please check the hyperlinks with time stamp indicated from the video:

0:18 CRUDE OIL

2:48 S&P500

Tags: Crude oilUSA500WTI
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