WTI Price Analysis: 200-SMA pushes sellers towards $73.00
WTI crude oil prices stay below 200-SMA, down 0.50% intraday around $73.30 during Monday’s Asian session. In doing so, the black gold teases 50% Fibon
Read More »WTI Price Analysis: Heavy around $68.50 as 50-SMA challenges short-term support break
WTI remains pressured around $68.50, down 0.60% intraday amid Monday’s Asian session. In doing so, the black gold justifies the recent downside break
Read More »Crude Oil Price Outlook: WTI May Rise as Saudi Arabia Shows Support to Extend OPEC+ Cuts
Crude Oil prices picked up early Wednesday after reports revealed that Saudi Arabia is willing to extend its voluntary cuts in a bid to encourage other members to extend overall…
Read More »WTI consolidates recent gains around $64.00 during pre-NFP trading lull
WTI bulls catch a breather around the 14-month top, currently easing to $63.85, during Friday’s Asian session. In doing so, the energy benchmark print
Read More »Goldman Sachs bump its oil price forecast higher still – Brent projection up $10 a barrel
Goldman Sachs Brent crude price forecast $ 70 /bbl in Q2 $75 in Q3 GS see lower inventories
Read More »Crude Oil Weekly Outlook: Crude Oil Stalls Ahead of OPEC Meeting
Upside in Crude Oil struggling ahead of OPEC meeting. Cartel likely to maintain wait and see approach.
Read More »GBPUSDs 10 day up streak broken. Pair gives up gains.
Closes lower for the first time since July 16 All good streaks come to an end and the GBPUSD’s 10 day streak of higher closes came to an end today. The pair last close…
Read More »Oil Price to Stay Afloat as US Output Falls to Lowest Level Since 2018
The ongoing contraction in US production may keep oil prices afloat in June as crude output falls to its lowest level since October 2018.
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