Tag Archives: Oil

Last week marked pivotal to financial markets because of the US presidential election results and the Federal Reserve’s interest rate decision. This confluence of events has the potential to significantly shape the trajectory of global asset prices and market trends for years to come. Given the far-reaching political and economic …

US crude oil futures saw a positive rebound, recovering from a low of $67.31 per barrel in the previous session. Technical Analysis: Breaching the resistance level of $68.60 has provided support for further gains. The 240-minute chart also shows the Relative Strength Index gaining positive signals, reinforcing the upward outlook. …

US crude oil futures have successfully reached the first downward target at $69.65 per barrel, recording a low of $69.45. Technical Outlook: Today’s analysis suggests the potential for the downtrend to continue, with the bearish double top pattern on the 4-hour chart maintaining its negative influence. The downward pressure is …

US crude oil futures remain in a downtrend, recording a low of $69.68, approaching the first target of $69.65 per barrel. Technical Outlook: The bearish double top pattern on the 4-hour chart continues to exert negative pressure on prices. With trading stability below $71.20, the downtrend is likely to persist, …

US crude oil futures experienced a significant decline, hitting the target of $69.65 as mentioned in the previous report, with a recorded low of $69.73 per barrel. The bearish double top pattern on the 4-hour chart continues to exert negative pressure, indicating the potential for the downtrend to persist. As …

U.S. crude oil futures experienced significant losses at the start of the current week, surpassing the previous target of 71.90 and reaching a low of $70.78 per barrel. A bearish technical pattern, specifically a double top, is evident on the 240-minute chart. This, combined with persistent downward pressure from the …

The second week of October trading began with optimism in North American equity markets despite increased Middle East tensions, ongoing war in Ukraine, a stronger than expected American economy, and weaker than expected numbers from China. China: The National Development & Reform Commission (NDRC), China’s state planner, stated that the …

US crude oil futures experienced mixed, but mostly negative, trading after encountering strong resistance around the $78.40 level, which led to a pullback. From a technical perspective, we lean toward a bearish outlook, but with caution, as the Stochastic indicator on the 4-hour chart signals a loss of upward momentum. …

Crude oil prices experienced mixed trading with a positive tendency, reaching a peak at $72.45 per barrel amidst ongoing geopolitical tensions. Technically, the outlook remains cautiously optimistic, with oil prices continuing to receive positive momentum from the 50-day simple moving average. This is supported by stable intraday trading above the …

US crude oil futures experienced significant losses, as anticipated in the previous report, reaching a low of $67.45 per barrel within the bearish trend. Technically, we maintain a cautious negative outlook, relying on the ongoing downward pressure from the simple moving averages, along with the stability of momentary trading below …