Oil Could Be Primed For Up To 50% Rally, Strategist Says ...Middle East

The price of WTI crude oil could be headed for a jump of between 20 percent and 50 percent, judging from a bullish breakout pattern that suggests a major rally could be coming for an asset, and that has occurred just three times for crude this century, an equity strategist told CNBC this week. “Crude oil has seen what’s called a golden cross on its weekly chart,” Matt Maley, Equity Strategist at Miller Tabak, told CNBC’s “Trading Nation” program.  The so-called golden cross appears on a chart when the short-term…

Hence then, the article about oil could be primed for up to 50 rally strategist says was published today ( Saturday 28/08/2021 - 01:45 AM ) and is available on OILPRICE ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Oil Could Be Primed For Up To 50% Rally, Strategist Says )

Also on site :

• Fakeeh Care Group reports FY 2025 revenue of SR3.1 billion, up 11% year on year; Attributable net profit reaches SR290 million, up 1% year on year or 14% excluding DSFH Madinah Ramp-Up Impact
• US dollar exceeds LE 50 in banks, marking new increase of 20 piasters
• Oltre le telecomunicazioni: alla scoperta dei percorsi deterministici verso il successo aziendale nell'era agentica