XTI/USD
Medium-term growth momentum remains, and both major futures do not look overbought. The chances of updating annual highs are high. A medium-term reversal signal will be a confident break of the 114.50-113.00 zone, but this is still unlikely. Prices are supported by the risks of reduced supply, which is likely to be reminded again by OPEC and the IEA in their monthly reports.
Medium-term growth momentum remains, and both major futures do not look overbought. The chances of updating annual highs are high. A medium-term reversal signal will be a confident break of the 114.50-113.00 zone, but this is still unlikely. Prices are supported by the risks of reduced supply, which is likely to be reminded again by OPEC and the IEA in their monthly reports.
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