FX.co ★ CL/Crude Oil

Analysis and forecast for trading instrument #CL The past week for the Oil trading instrument started with a small gap up after Trump began threatening bombings in Iran due to a helicopter being shot down. However, the situation did not last long, and by the end of the week, very positive news about a ceasefire began to emerge. While it could be said that it's just Trump and he has seven Fridays in a week, other sources also confirm that things are going well. So here we see the reaction on the chart of the trading instrument #CL, with the price dropping below the 90 level and confidently looking south. I can assume that tomorrow the market will open without any surprises, and then the price will decrease even more actively. At least based on this foundation, we could reach 80, where we will likely linger until more confident news arrives, or we will go around again and aim for 100. Although honestly, I think that even in a worst-case scenario this time, the price may not go above 90, all because the world is gradually starting to rebuild.