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Technical Analysis of WTI

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30.07.2021 05:54 Forex Analysis & Reviews: Trading Signal for USD/CAD for July 30, 2021: Buy above 1.2430
For Traders Forex Analysis Technical analysis 30.07.202105:54 Forex Analysis & Reviews: Trading Signal for USD/CAD for July 30, 2021: Buy above 1.2430 Relevance up to 05:00 UTC+2 The USD / CAD pair has strengthened and has fallen to the minimum of 1.2430. This downward movemen...
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04.06.2021 11:41 Forex Analysis & Reviews: Trading ideas for CAD/JPY and AUD/CAD
For Traders Forex Analysis Technical analysis 04.06.202111:41 Forex Analysis & Reviews: Trading ideas for CAD/JPY and AUD/CAD Relevance up to 09:00 2021-06-05 UTC+2 WTI rose sharply, from $ 0 to almost $ 70. Unsurprisingly, this rally led to the strengthening of the Canadian d...
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Oil: OPEC upscaling the supply
Oil: OPEC upscaling the supply
Fundamental OPEC+ meeting last week was concluded with the following results: The cartel gradually increased the oil supply by 1mln bpd over the course of the three months ahead; Saudi Arabia is putting back to supply its 1mln bpd that it previously voluntarily cut. The decision was rather unexpecte...
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Will WTI Crude Oil drop 30% from long-term resistance?
Since the lows of the pandemic in March 2020, the price of West Texas Intermediate (WTI) crude oil - an international benchmark - has risen more than 500%.  However, the price of WTI crude oil is now trading at historical resistance where buyers have struggled to break through before. This opens the...
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Will Facebook drop 17% from resistance or breakthrough?
This week, risk assets in currencies and commodities have tumbled lower with the New Zealand dollar, Australian dollar and WTI crude oil leading the way lower. So far, equity markets haven’t followed through but investors are very cautious at these multi-year highs.  The tech sector could be in part...
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Is oil readying for a 20% technical drop?
The price of West Texas Intermediate (WTI) crude oil has surged higher more than 500% since the lows of the pandemic in March 2020. Demand for crude oil has rapidly increased as countries roll out the coronavirus vaccine and get their economies moving once again.  Oil prices received a further boost...
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04.03.2021 13:40 Forex Analysis & Reviews: Trading idea for WTI oil
For Traders Forex Analysis Technical analysis 04.03.202113:40 Forex Analysis & Reviews: Trading idea for WTI oil Relevance up to 08:00 2021-03-05 UTC+1 OPEC is ready to open taps. According to leaks, members will increase production volumes at the meeting today. Saudi Arabia ...
9
Oil: about to beat $63?
Oil: about to beat $63?
After reaching $63, WTI oil bounced downwards. Partly, that was due to the news that the US oil reserves turned to be more than expected - that's still the echo of the virus preparations that made many oil producers stockpile oil in case of an emergency deficit. However, as the demand is picking up,...
14
EUR/GBP: bears eye 16-month-old support
EUR/GBP: bears eye 16-month-old support
Ichimoku Kinko Hyo NZD/JPY: The pair is trading below the cloud. A downward pressure would lead the pair to exit further the cloud, confirming a bearish outlook. Fibonacci Levels XAG/USD: Silver continuous to stand below the 38.2% retracement area. The bearish pressure is growing. EU Market Vi...
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16.02.2021 13:07 Forex Analysis & Reviews: USD/CAD Price Analysis for 16 February, 2021
For Traders Forex Analysis Technical analysis 16.02.202113:07 Forex Analysis & Reviews: USD/CAD Price Analysis for 16 February, 2021 Relevance up to 12:00 2021-02-17 UTC+1 USD/CAD staged a modest intraday recovery from 1.2600 mark.Sustained USD selling bias might hold bullish ...
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Is the short dollar squeeze turning the corner?
Is the short dollar squeeze turning the corner?
Ichimoku Kinko Hyo EUR/JPY: The pair is trading below the cloud. A downward pressure would lead the pair to exit further the cloud, confirming a bearish outlook. Fibonacci Levels XAG/USD: Silver shows some significant moves higher. Now it is trading between the 23.6% and 38.2% retracement area....
5
OIL: $55 in sight - welcome back up!
OIL: $55 in sight - welcome back up!
Short term The short-term view of the WTI oil price performance gives a perfect picture of an upward march. Crossing $50 per barrel in the first week of January, it went straight to $52, made a brief correction, and reached $54 just a while ago. Does it suggest further upside? Yes. But it also sugge...
3
12.01.2021 05:38 Forex Analysis & Reviews: Forecast for AUD/USD on January 12, 2021
For Traders Forex Analysis Technical analysis 12.01.202105:38 Forex Analysis & Reviews: Forecast for AUD/USD on January 12, 2021 Relevance up to 02:00 2021-01-13 UTC+00 AUD/USDThe Australian dollar continues to decline under the general attack of the US dollar. The US currency...
3
OIL price: bad for stability, good for profits
OIL price: bad for stability, good for profits
Looking at the hourly chart of the WTI oil price below, one may come to only one conclusion: the price of this asset is far from being stable. Well, for trading purposes, it’s rather good news. What are the prospects though? The prospects are pretty much the same as what the headlines say most of th...
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11.11.2020 08:22 Inter-market technical analysis of stock indexes and oil prices
For Traders Forex Analysis Technical analysis 11.11.202008:22 Inter-market technical analysis of stock indexes and oil prices Long-term review If we look at how the issue of the US presidential election unfolds, we can say that everything is chaotic. The official results have not...
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OIL: down to March levels
OIL: down to March levels
Technical We have seen WTI oil price drop to $35 right before the weekend breaking through local support levels. Today, it almost touched $34 bouncing back up to $34.5. On the daily chart, these levels correspond to June lows and the pre-final-fall zone of March. Which factors are affecting the oil...
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29.10.2020 10:55 Oil technical idea
For Traders Forex Analysis Technical analysis 29.10.202010:55 Oil technical idea Relevance up to 08:00 2020-10-30 UTC+00 Good afternoon, dear traders! I present to your attention a trading idea for WTI oil. So, according to our trading recommendation for a fall on October 21: t...
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21.10.2020 10:34 Oil auction for 5000p
For Traders Forex Analysis Technical analysis 21.10.202010:34 Oil auction for 5000p Relevance up to 08:00 UTC+00 Trading idea for WTI oil. As expected, the giant oil auction was terminated through the breakdown of the upper limit at the quote 41.7. The breakdown turned out to be...
4
25.09.2020 11:01 Trading idea for WTI futures
For Traders Forex Analysis Technical analysis 25.09.202011:01 Trading idea for WTI futures Relevance up to 10:00 2020-09-26 UTC+2 Betting on a fall in WTI oil, the plan yesterday was to continue selling crude, completing the ABC pattern formed on the trading chart. However, oil ...
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24.09.2020 11:09 Trading idea for WTI futures
For Traders Forex Analysis Technical analysis 24.09.202011:09 Trading idea for WTI futures Relevance up to 08:00 2020-09-25 UTC+2 Oil has a high chance of declining this month, and the reason for this is the rising risk of another pandemic wave worldwide. Many countries have alre...
4
09.09.2020 06:19 Forecast for AUD/USD on September 9, 2020
Main / For Traders / Forex Analysis / Technical analysis 09.09.202006:19 Forecast for AUD/USD on September 9, 2020 Relevance up to 05:00 2020-09-10 UTC+2 AUD/USD The Australian dollar lost 60 points on Tuesday, under strong pressure from related markets. The price settled below the...
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13.08.2020 05:44 Forecast for AUD/USD on August 13, 2020
Main / Forex Analysis / Forex Analysis 13.08.202005:44 Forecast for AUD/USD on August 13, 2020 Open trading account Open demo account Download MetaTrader trading platform Relevance up to 04:00 2020-08-14 UTC+2 AUD/USD The Australian dollar sluggishly react...
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10.08.2020 06:42 Crude Oil Price Movement On August 10, 2020
Main / Forex Analysis 10.08.202006:42 Crude Oil Price Movement On August 10, 2020 Open trading account Open demo account Download MetaTrader trading platform Relevance up to 06:00 2020-08-12 UTC+2 After WTI Crude Oil touched the $41.26 level, the price is now ...
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OIL: turbulence ahead
OIL: turbulence ahead
In May-June, WTI oil price was rising almost non-stop. In July, we have an obvious consolidation. The level of $41 per barrel so far serves as an iron wall for bullish intentions. What is the likely scenario ahead? OPEC+ is having a meeting this week. They are going to discuss the possibility of loo...
7
Oil prices fell once again
Relevance up to 08:00 2020-07-11 UTC+2 Crude oil fell after a key Libyan oil field resumed production. It threatens to release barrels of oil into the market where demand is already low. Thus, due to this, oil futures in the US fell 3%.The Mesla and Sarir oil fields in eastern Libya resumed produc....
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Forecast for AUD/USD on July 10, 2020
Relevance up to 05:00 2020-07-11 UTC+2 AUD/USD The Australian dollar is losing interest in growth every day. The price spent the whole week in a sideways direction, it closed Thursday with a black candle of 16 points. This nature of the price significantly reduces the probability of forming a tr....
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OIL: a detailed technical outlook
OIL: a detailed technical outlook
On Wednesday, when the WTI oil price stopped at $40 we advised that it would go further down to the area of $37.5. Eventually, it happened exactly as foreseen – the price is currently at $37.5 although we did not expect it to go down as fast as it did. Now, it makes sense to a closer technical look ...
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OIL: technical outlook
OIL: technical outlook
Currently, we have the following layout. In the oil market, there is relative silence and neutral mood. Globally, investors are cautious about the second-wave virus hit. Together, these factors make the oil price hang in the channel between $35 and 40$ like in limbo. Therefore, it is unlikely that i...
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OIL: three paths
OIL: three paths
After spending the entire April in the depths below $20, WTI oil made a straight-line recovery in May. Eventually, it reached $40 on June 8 after which it went into a first serious downward retrace. Currently, it is at $40 again, and the question is how the situation will evolve. Fundamentally, the ...
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OIL: V-shape recovery
OIL: V-shape recovery
If the stock market observers are discussing whether it will be an L or U-shape recovery, the oil market definitely looks like a V. $33 marks now the local resistance level, which hasn’t seen the WTI price since the beginning of March, when the epic plunge started. Very likely, the price will go int...
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