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Video: Crude Oil Price Analysis for January 2021 – WTI Rally Just Getting Started?

Summary:
In the present video, David Jones from Capital.com provides his forecast for WTI crude oil in January 2021. He starts the video by discussing how volatile was 2020 for oil prices, explaining what factors were driving the commodity, and talking about fundamentals that will be influencing crude at the start of 2021. Next, David lists the major support and resistance levels. He then shows charts, discussing price moves and speculating where prices may go next. In the end, David decides to buy crude in hopes that it will continue to recover, perhaps even reaching . 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 for Commodity

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In the present video, David Jones from Capital.com provides his forecast for WTI crude oil in January 2021. He starts the video by discussing how volatile was 2020 for oil prices, explaining what factors were driving the commodity, and talking about fundamentals that will be influencing crude at the start of 2021. Next, David lists the major support and resistance levels. He then shows charts, discussing price moves and speculating where prices may go next. In the end, David decides to buy crude in hopes that it will continue to recover, perhaps even reaching $50.

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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