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WTI consolidates within recent ranges ahead of key events later this week

by Joel Frank
31 March 2021
in Commodities
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WTI has been consolidating within low-$57.00 to $62.00ish ranges over the past few session after pulling back from close to $68.00 earlier in the month on European lockdown concerns. WTI may well break out of these ranges this week, however, with amid a cascade of key events including the OPEC+ meeting, President Biden’s infrastructure announcement, US ISM manufacturing PMI and US jobs data.

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

0:19 CRUDE OIL

Tags: Covid-19 LockdownCrude oilOPEC+WTI
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