HomeInvestingVolatilityCrude Oil Making Lower Highs, $85 Per Barrel Soon?
Crude Oil Making Lower Highs, $85 Per Barrel Soon?

"We had some risk premium built into natural gas and crude oil. This is why the market is selling off on the news about Nord Stream 1 Pipeline resuming pumping gas to Europe," says Carley Garner. "From a technical analysis perspective crude oil is the exact opposite from where it was earlier in the year. The reality is that we are making lower highs. To me, if this pattern continues, we could se crude oil in the $85 per barrel area," Garner adds.

Futures

21 Jul 2022

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