Yesterday president Donald Trump on UN speech boosted the crude oil price. Current fundamentals of Gaza war and Palestine state recognition plus the Ukraine war against Russia the crude oil price lowered drastically.
However if today crude oil inventory report is negative the crude oil price should shoot up towards $68 a barrel. The first hurdle is towards $65 next $68 and finally $70 those I my personal findings or should I say my technical analyses.
On the order hand if the crude oil inventory is positive the crude oil price could slump towards $63 or below towards $61 and finally $59
However I tend to believe that the crude oil price by the end of this month should go towards $70 or there about.
The Gaza and Ukraine war has been there for a long time and now its time to recover from the loss, this is what I believe in the current economy data.
