WTI Crude Oil Forecast: Market Bounces from a Major Figure

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The $75 level is an area that people will have to pay close attention to, because not only is it a large, round, psychologically significant figure, but is also an area where we have seen noise previously. above, which sits just below the $80 level. $80 level is a large, round, psychologically significant figure as well, and of course, an area where we’ve seen some noise.Ultimately, with the Non-Farm Payroll announcement coming out on Friday, it’s probably a situation where we are going to have a lot of noise more than anything else. With the jobs number, the idea of whether the Federal Reserve will have to tighten even further.

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