AllTechnical Analysis
logoArgusJune 09, 2021

Technical Assessment: Bullish in the Intermediate-Term

Intermediate Term
Long Term

Drivers continue to face the highest gas prices in three years, just in time for what is perhaps the most-meaningful summer driving season in a very long time. Propelling gas prices is West Texas Intermediate (WTI), which is now at $70/barrel, the highest point since October 2018. Gasoline futures are at $2.22, the highest level since May 2018 -- and not far from the highest since late 2014.

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