Fundamental analysis of WTI/
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12.01.2021 14:12 Forex Analysis & Reviews: Oil market recovery relies on the restoration of global demand
What happened? WTI oil surged above $52.00 for the first time since February. Why? Firstly, Joe Biden pledged to inject trillions of dollars into the US economy to fight against the Covid-19 effect. The market reaction after the announcement offered a boost to crude oil. Secondly, Saudi Arabia pledg...
31.12.2020 01:17 Forex Analysis & Reviews: Oil, Gold. Results of the outgoing year 2020 - prospects for 2021
29.12.2020 11:56 Forex Analysis & Reviews: Oil's fall below zero did not scare Brent and WTI bulls, ending 2020 on a positive note
23.12.2020 09:10 Forex Analysis & Reviews: Markets will remain extremely volatile at least until the end of this year
16.12.2020 15:00 Forex Analysis & Reviews: What assets should a trader monitor before and after the US Federal Reserve meeting?
Technical history As 2019 opened, WTI oil was at $50 per barrel. Through that entire year, it was oscillating between this support and the resistance of $65. That’s exactly where it was when the virus stroke and the global oil demand plunged. WTI oil price did the same: it dropped from $65 to zero. ...
The year-end is getting closer. What will 2021 bring us? Let’s find out what major banks expect! USD: down and down and down Most analysts predict the further falling of the US dollar during the next year. The consensus is the decline by 5-10% against most currencies. There are two main reasons for ...
15.12.2020 15:23 Forex Analysis & Reviews: Oil rapidly outgrows other assets in the commodity market. Potential arises
08.12.2020 13:16 Forex Analysis & Reviews: Oil market finds support from OPEC+. Awaits good news on vaccine to continue the rally
03.12.2020 13:50 Forex Analysis & Reviews: USD/CAD: oil, Biden, and Canada's nonfarm payrolls are three reasons why you could invest in CAD
01.12.2020 13:36 Forex Analysis & Reviews: Oil posts largest monthly gain since May. OPEC+ faces a difficult task amid production quotas
What happened? Investors are waiting for the significant decision of OPEC+ members to prolong oil output cuts or stop them. Yesterday, they failed to come to a common conclusion. That pushed oil prices down below $45.00. However, the market euphoria over having a vaccine soon drove riskier assets up...
What happened? Oil has surged to March highs amid optimistic vaccine news and the peaceful presidential transition. Actually, it doesn’t matter when widespread vaccinations will start. What matters is that investors see the light at the end of the tunnel, and they are ready to invest in the most dam...
What happened? USD/CAD has been falling for a few reasons. First of all, the CAD is sensitive to market sentiment. Investors were encouraged by hopes of having the vaccine soon in the USA and some European countries, and that underpinned the risky CAD and therefore drove USD/CAD down. Second, the Ca...
17.11.2020 12:44 Oil market soared to September maximum. Brent may restore upward trend amid vaccines and global economic growth