WTI / 대한 외환 분석

A quick take As you can see, two days separate these headlines; and yet, they stand in direct contradiction. What’s on the table in the US oil sector and how may it affect the oil price? A thorough look One of the signature characteristics of the Biden presidency plan is environmental care. The US ...

Why did oil dip? Long story short, oil fell below $52.00 because investors expect a weaker oil demand amid rising Covid-19 infections and new lockdowns. Besides, the overall risk-off market sentiment drove the safe-haven US dollar higher and thereby lowered the appeal of commodities priced in dollar...

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...

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 ...

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...

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...

Oil prices are steadily growing as crude stockpiles have been declining for six weeks. According to the report of the American Petroleum Institute, crude inventories declined by 6.36 million barrels last week, marking the reduction of oil supply. At the same time, manufacturing reports from China an...

USD/CAD reached levels unseen since the beginning of the year. ING considers the pair may fall further, but Bank of America warned that it may hit its bottom and reverse in the long run. Fundamentals As you may know, the Canadian dollar is positively correlated with oil prices. When the oil market i...

According to analysts from Citigroup, crude oil prices will never reach $100 a barrel again. They claimed that the idea to reach such a high level “has far more fantasy than reality at its heart”. It’s a really severe statement. What are the reasons? Weak oil demand The crude oil demand lowered by t...

The recovery of WTI last week met resistance in the 54.60 area. The price formed a gap down on the mounting fears about the coronavirus. The spread of the disease may affect the commodity as the demand for it may decline because of the travelling bans. The decline below the support at 51.55 will mea...

WTI oil has reached our previous targets. On the W1, a big bullish candlestick engulfed the previous bearish one. If the price rises above 52.35, it will likely push up to 53.00 (23.6% Fibonacci retracement of the 2020 decline). The Awesome Oscillator on the D1 is bullish. On the H4, the price has m...

WTI oil has found support in the 49.35 area for the second time this February. As concerns about the coronavirus ease, oil got a chance to recover. The price is currently testing the resistance of 50.80 (the area of the 2019 lows and the 50-period MA on the H4). The Awesome Oscillator on the H4 and ...

유럽연합 집행위원회(EC)가 이탈리아의 채무 문제에 대한 "명확한" 해명을 요구한 이후 이탈리아가 다시 주목을 받고 있습니다. 이 상황이 EC와 이탈리아 당국 사이의 또 다른 충돌 국면으로 이어진다면, 이미 2017년 5월 이후 처음으로 1.10에 도달하기 직전인 유로가 더 어려운 상황에 빠질 수 있습니다. EC가 이미 이탈리아 정부에 전달할 재정 상황 관련 서신을 작성하고 있고 금요일까지 답변을 주지 않으면 35억 유로의 추징금을 부과할 예정이므로 유로화의 앞날이 순탄치 않을 것으로 보입니다. 이탈리아의 공공 부채는 2018년 G...