WTI – Crude Daily before and After…
Before...
WTI – Crude Daily before and After… Due to a record decline in West Texas Intermediate (WTI) contract price for May, Multi Commodity Exchange Clearing Corporation (MCXCCL), India’s fully owned Multi Commodity Exchange (MCX), settling near Rs 2,800 negative, which has never before seen in commodity history of India.
After...
Right now, a large number of investors selling WTI oil contracts caused price fluctuations. Excessive supply and a lack of storage prices have contributed to the risk.
Many were still waiting for a good time to sell. Eventually, they reduced their losses and traded to avoid paying the high cost of maintaining their contracts. And this will raise the market.
As per our technical analysis, the market will rise in May 2020 and will go close to 33 points from the current 21 points. Our study is indicating the market is looking for the increasing future value of WTI.
Follow our technical analysis, and get the best market knowledge and future trends
