Description
WTI and Brent crude oil are testing critical technical support ahead of Wednesday's EIA inventory report. WTI is holding near its 50-day EMA and a key trendline, while Brent approaches the bottom of its trading channel just above $100.
This crude oil forecast examines mixed U.S. inventory signals, OPEC+ production policy and ongoing Middle East diplomatic uncertainty. Can buyers defend support, or will fresh inventory data trigger another move lower?
For the full article:
https://www.fxempire.com/forecasts/article/wti-and-brent-test-support-ahead-of-key-us-oil-inventory-report-1642546/
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