Weekend oil – Yellen says setting price caps on Russian refined oil products complicated
Yellen was speaking with media on her trip to Africa. Yellen said the the US Treasury estimates that the G7-led price cap on Russian crude oil and refined products to limit Russia’s revenues could save the 17 largest net oil-importing African countries $6 billion annually said two separate price caps on Russian refined petroleum products, […]
Crude oil back below the $80 (…well only briefly)
Crude oil Read this Term futures have moved back into negative territory and below the $80 level as well. The move below the $80 level did find buyers at $79.91 and has since bounced back higher. The price trades back at $80.42. Recall that on Wednesday, the price moved up to test its 100 day […]
WTI crude oil futures settle at $81.64
The price of WTI crude oil futures for February is settling up $0.98 or 1.22% at $81.31. The high price reached $81.91. Low price was at $79.91. For the March contract it is settling at $81.64 up $1.03 For the trading week, the price is up 2.18% The 100 day moving average for crude oil […]
WTI Crude Oil: Elliott wave analysis and forecast for 20.01.2023 – 27.01.2023
2023.01.20 2023.01.20 WTI Crude Oil: Elliott wave analysis and forecast for 20.01.2023 – 27.01.2023 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ Main scenario: consider short positions from corrections below the level of 84.15 with a target of 63.00 – 54.50 once a correction is completed. Alternative scenario: breakout and consolidation above the level of 84.15 will allow the asset to […]
Crude Oil Holds Gains On Hopes For China Demand Rebound
Crude Oil Price, Analysis, and Chart US Crude prices continued their run of gains Hopes for economic revival in China and, perhaps the US, keep tight supply in focus The $82 region looks key now Recommended by David Cottle Get Your Free Oil Forecast Crude oil prices continued to find robust support in hopes for […]
Why Oil Prices Have Been All Over the Place
The price of crude has been on something of a roller-coaster since the start of the year. From a sudden drop in the first days of January, it climbed through the third week, only to have a hard drop a couple of days ago. Naturally there have been news events that have driven these moves, […]
USD/CAD eyes the first weekly gain in five on upbeat options market signals
USD/CAD remains indecisive on a day while taking rounds to 1.3460-50 during early Friday. Even so, the Loonie pair braces for the first weekly gain in five amid upbeat signals from the options market. That said, a one-month risk reversal (RR) of the USD/CAD pair, a ratio of call options versus put options, also known […]
Crude Oil Prices Spooked by US Data, IEA Report as WTI Turns to EIA Inventories
Crude Oil, WTI, IEA Report, US Retail Sales, EIA Inventories – Talking Points: Crude oil sinks the most in 2 weeks as soft US data scares traders Meanwhile, an IEA report underscored 2023 global supply glut bets Focus shifts to EIA weekly stockpiles as WTI faces triangle pattern Recommended by Daniel Dubrovsky Get Your Free […]
Wyckoff’s Inventory Accumulation is in making
USD/CAD is marching higher despite upbeat oil prices. Stretched consolidation after a downfall is demonstrating signs of inventory accumulation. A 40.00-60.00 range oscillation by the RSI (14) indicates a consolidation ahead. The USD/CAD pair is gradually moving towards the round-level resistance of 1.3400 after a recovery move to near 1.3370 in the Asian session. The […]
Technical Trade Set Ups for EURAUD, USDJPY & Crude Oil |
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