For the fifth week running, WTI Crude Oil made its highest weekly close in 7 years last week and printed a relatively large bullish candlestick which looks healthy, closing very close to the high of its price range. This suggests a further rise to come, with the price perhaps being boosted by fears of war between Russia and Ukraine. There are bullish signs, and I continue to see WTI Crude Oil as an interesting buy.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.