Commodity News

Commodity news, technical and fundamental analysis, market data on precious metals, energies, industrial metals, soft commodities, and Bitcoin

Archives

Video: Crude Oil Price Analysis for February 2021 – Is WTI Still in an Uptrend?

January 25, 2021 at 16:36 by Vladimir Vyun

In the present video, David Jones from Capital.com provides his forecast for WTI crude oil in February 2021, trying to answer the question: is selling crude at the current high levels a good move? He discusses the pros and cons of following the trend versus shorting the commodity. David provides both fundamental and technical analysis, explaining factors that are driving prices as well as showing charts, technical indicators, and the major support and resistance levels. As he prefers to be a trend-follower, David decides to buy crude in the end, setting his stop-loss at $52.2.

If you found this video useful and want to see more videos like this one or if you want to see a commodity trading video on some other topic, please leave your response using the form below.

Navigation

Menu