Monday , April 19 2021
Home / Commodity Blog / Video: Updated Crude Oil Forecast for March 2021 – Oil Rally on Economic Recovery?

Video: Updated Crude Oil Forecast for March 2021 – Oil Rally on Economic Recovery?

Summary:
In the present video, David Jones from Capital.com provides his updated forecast for crude oil in March 2021. He starts the video with fundamental analysis, explaining what factors drove prices for WTI crude oil to the highest level since October 2018 and what factors will be affecting crude in the near future. Next, David turns to technical analysis, listing the major support and resistance levels. He then shows charts and technical indicators, trying to predict where prices may go next. In the end, David decides to bet on the bullish trend to continue. He places an order to buy crude in case of a pullback to , placing stop-loss near the February lows at . 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

Topics:
Vladimir Vyun considers the following as important: , ,

This could be interesting, too:

Marc Chandler writes Data To Show Surging US Growth, but is that Enough to Lend the Dollar Support?

Jeffrey P. Snider writes Consumer Price(s) Incalcitrant

Andrew Moran writes Commodities Week in Review: March 29 to April 2

Mark Stevenson writes JPMorgan Sees Institutional Opportunity Due to Falling Bitcoin Volatility

In the present video, David Jones from Capital.com provides his updated forecast for crude oil in March 2021. He starts the video with fundamental analysis, explaining what factors drove prices for WTI crude oil to the highest level since October 2018 and what factors will be affecting crude in the near future. Next, David turns to technical analysis, listing the major support and resistance levels. He then shows charts and technical indicators, trying to predict where prices may go next. In the end, David decides to bet on the bullish trend to continue. He places an order to buy crude in case of a pullback to $61, placing stop-loss near the February lows at $58.

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 News, 2021. | Permalink | No comment |
Published under: Forecasts, Oil, Trading Videos

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.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.