CME NYMEX: CL WTI Crude oil futures price forecast - $20 is the key price
At this point, it is very difficult to make short-term predictions on the WTI Crude oil futures prices.
CME NYMEX showed that something that people could not think of could happen. They showed that prices could fall negative. It would be better not to enter the market until the situation stabilizes and predictability recovers.
It is not easy to say where the bottom of crude oil prices will be made around. What we can say now is that crude oil prices are around the bottom. From a long-term perspective, it would be better to wait for an opportunity to buy. However, there will be no need to hurry.
The important and meaningful prices are $10.0, $20.0, $35.0 and $50.0. In the short term, $20 is likely to be a very important price.
[CME NYMEX: CL, WTI Crude oil futures prices chart, Monthly]
CME NYMEX showed that something that people could not think of could happen. They showed that prices could fall negative. It would be better not to enter the market until the situation stabilizes and predictability recovers.
It is not easy to say where the bottom of crude oil prices will be made around. What we can say now is that crude oil prices are around the bottom. From a long-term perspective, it would be better to wait for an opportunity to buy. However, there will be no need to hurry.
The important and meaningful prices are $10.0, $20.0, $35.0 and $50.0. In the short term, $20 is likely to be a very important price.
[CME NYMEX: CL, WTI Crude oil futures prices chart, Monthly]