‘$50 Before $100’ for Crude Oil Prices

Jake Hanley says the chart of crude oil still shows potential downside. He highlights $65 as an area of support, and $80 as an area he’s hoping price will climb to. However, he notes both fundamental and geopolitical headwinds for price, especially with Trump’s incoming administration. His expectations are “$50 before $100.”

Morning Trade Live

03 Jan 2025

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