FX.co ★ Analytics #PBR | Petróleo Brasileiro S.A. - Petrobras Stock Price

Crude oil (WTI) is trading around $93.47, a level that coincides with the 21-day SMA and represents strong daily support. During the European session, crude oil reached a high...

Fundamental data suggests that crude oil could continue its stunning rally and might even climb to the psychological level of $120. Above that, it could jump to $150 per barrel...

The outlook remains bullish for crude oil, so a pullback towards the 21 SMA around $88 per barrel could be expected and seen as a signal to continue buying with...

Crude oil is expected to consolidate in the coming days above the 21 SMA located around $73.36. If the price reaches these levels, it could be seen as a signal...

Given that fundamental data directly affects crude oil prices, WTI is expected to continue rising in the coming days and could even break $112.50 and reach the psychological level...

If the price falls below the 21 SMA and breaks sharply through the uptrend channel, we could expect a technical correction and it could cover the gap it left around...

Given that crude oil has strong resistance at the 200 EMA located at around 109.20, it is likely that it will be an opportunity to sell if the price approaches...

In the European session, Crude Oil (WTI - CL) is trading at 103.40 after having reached the low of 101.53. The price is currently bouncing and is likely to continue...

In the coming hours, a pullback towards the 21 SMA located at 120.98 is likely to occur in order to cover the GAP that it left at the close...

A rise above 101.10, where the 200 EMA is located, could change the bias in the short term and we could expect more advances in crude oil until it reaches...