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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 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.

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