AllTechnical Analysis
Argus•December 02, 2021
Argus•December 02, 2021Technical Assessment: Bullish in the Intermediate-Term
Intermediate Term
Long Term
Summary
We had been looking for a pullback in crude oil (WTI) since the latter part of October, and while it took some time, the oil market has been taken out to the woodshed since last Friday. After peaking on an intraday basis on October 25 just above $85/barrel, WTI has plunged to a recent low of $64.40. Tha
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