What happens if oil breaks above $84.00?

Written on 03/27/2024
Carley Garner

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Futures and options broker Carley Garner joined Nicole Petallides on the Schwab network to discuss the implications of a break above $84.00 in the front-month futures contract. Seasonality is supportive of the oil rally, and momentum above $84.00 could lead to prices in the vicinity of $100.