Reported 9 months ago
Analysis provided by Fubon Futures analyst Cao Fukai, compiled by Huang Yanhong on June 16, 2024, at 4:10 PM, highlighting recent trends in the international crude oil market. The article discusses updates from the EIA, OPEC, and API, indicating positive news and a potential rise in oil prices. Technical analysis suggests that WTI crude oil futures may fluctuate between resistance at the previous low and support at the pivotal trendline, with no significant trend currently in sight. Considerations for profit-taking and potential market movements post-OPEC+ meeting are also discussed.
Source: YAHOO