WTI Crude Oil: Elliott wave analysis and forecast for 27.01.23 – 03.02.23
2023.01.27 2023.01.27 WTI Crude Oil: Elliott wave analysis and forecast for 27.01.23 – 03.02.23 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ Main scenario: consider short positions from corrections below the level of 85.30 with a target of 63.00 – 54.50. Alternative scenario: breakout and consolidation above the level of 85.30 will allow the asset to continue rising to the levels […]
WTI crude futures settles at $80.13
Crude oil settled just below the 200 are moving average The high for the day reached $82.22. The low extended to $79.66. The high price yesterday reached the high price from last week near $82.66. The double top neutralize the market a bit. Moving below the 100 hour moving average with momentum in the New […]
WTI Oil Advances to the 100-Day MA; Breakout or Retracement Imminent?
KEY POINTS: Recommended by Zain Vawda Download Our Latest Q1 2023 Outlook Most Read: Markets Week Ahead: Dow Jones, Nasdaq 100, Canadian Dollar, BoC, AUD/USD, NZD/USD WTI FUNDAMENTAL OUTLOOK Crude Oil enjoyed a bounce following the European open this morning buoyed by a weaker dollar. The Asian session saw WTI struggle in the absence of […]
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 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 […]
Surfing The Waves With Gregor Horvat: USDJPY, EURUSD, GBPUSD, WTI, USDMXN & More!
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WTI crude oil settles at $79.86
Crude oil prices testing the downward sloping trendline The price of WTI crude oil is settling at $79.86. That is up $1.47 or 1.88%. The high for the day is not far from the sell price at $39.89. The low was down at $77.97. For the trading week, the prices of 8.15% after closing last […]
WTI Crude Oil: Elliott wave analysis and forecast for 13.01.2023 – 20.01.2023
2023-01-13 2023-01-13 WTI Crude Oil: Elliott wave analysis and forecast for 13.01.2023 – 20.01.2023 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ Main scenario: consider short positions from corrections below the level of 94.22 with a target of 63.00 – 54.50 once the correction is completed. Alternative scenario: breakout and consolidation above the level of 94.22 will allow the asset to […]
WTI struggles to extend recovery towards $79.00, optimism remains on softer US inflation
Oil prices have turned sideways after failing to extend recovery to near $80.00. The black gold price has not run out of steam as the US administration is ceasing oil supply to China. Falling US inflation has triggered odds of a slowdown in the pace of the Fed’s policy tightening. West Texas Intermediate (WTI), futures […]