TVC:USOIL   عقود الفروقات السعرية للنفط الخام WTI
Analysis: The commodities market became hot in the last couple of months. We have seen some huge rises on the market, lumber prices went up breaking new historical record levels, copper went up, precious metals as well. We also had a strong recovery from the COVD-19 demand crisis. If we look at the monthly chart of oil, we can see that the base for the market was the 200DMA as the market revisited its values during the years. Right now we managed to touch the 200DMA again. I think we will have a small pullback around here to test the buyers. Once the market will clear this zone, we can have some price rise as the world economy was jump-started with the covd19-vaccines.
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