Oil's Momentum Targets $60 Crude: Alan Knuckman

The video discusses the significance of recent crude oil trading patterns, highlighting the impact of the OPEC agreement and the strong momentum in the market despite high dollar values. It analyzes resistance levels at $60 and $62, noting the challenges faced by short sellers. The discussion also covers market fundamentals, supplier and demand issues, and the importance of global PMI data. The video concludes with a focus on the implementation of OPEC agreements and the potential for continued market growth.

What was the technical target for crude oil mentioned after the OPEC agreement?

• $50.00

• $55.00

• $65.00

• $60.00

What was the historical trading range for crude oil before the recent upward trend?

• $55 to $65

• $30 to $40

• $42 to $52

• $50 to $60

Since which date has the crude oil market seen a significant upward trend?

• January 5th

• October 15th

• November 9th

• December 1st

What global data is mentioned as encouraging for the Bulls in the oil market?

• Inflation data

• GDP data

• PMI data

• Unemployment data

What is crucial for the success of OPEC's plans according to the discussion?

• Increased production

• Implementation of agreements

• Lower demand

• Higher oil prices