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

Summary:
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 .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. © Commodity Inspector

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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.


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Vladimir Vyun
Vladimir is an online journalist with background in computer science and work experience in pension funds. He contributes news reports, fundamental analysis and sentiment forecasts to TopForexNews.com and CommodityBlog.com. His main specialization is the currencies of emerging economies and inter-market correlations with commodity and bond trading.

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