Crude Oil stochastic path to $111.5<$115.0 dollars
WTI Crude Oil chart delines a possible channel structure where the WTI Crude Oil price/volume line has been retracing downward to 0.50 Fib retracement level. The stochastic differential equation that defines the price discovery of Crude Oil then has seen Commodities traders and energy firms bidding up for Crude Oil, considering the exogenous factor of reduced and diminishing supply of Crude Oil barrels to the wholesale market, announced by large Oil producers.
IKH Technicals:
Considering the WTI Crude Oil weekly candle bullish marubuzo, there has been a breaking of the tenkan line while approaching the Senkou A/B nuage resistance. The Crude Oil stochastic differential equation of price discovery could have to see higher Crude Oil prices going forward to a range $111,5<$115.0 Dollars .
IKH Technicals:
Considering the WTI Crude Oil weekly candle bullish marubuzo, there has been a breaking of the tenkan line while approaching the Senkou A/B nuage resistance. The Crude Oil stochastic differential equation of price discovery could have to see higher Crude Oil prices going forward to a range $111,5<$115.0 Dollars .