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Crude Oil WTI

What Just Happened With Crude?

Daniel John Grady Aug 2, 2023 44 0

Energy markets got something of a double jolt yesterday, with API inventories showing the largest drawdown since records began. A little while later, the dollar was shaken up when Fitch downgraded the US sovereign rating to AA+ from AAA,…
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Technical Analysis

Intraday Analysis – USD pulls back

Jing Ren Jul 27, 2023 56 0

EURUSD bounces off key support The US dollar slumped as the Fed raised interest rates by 25 basis points as widely expected. The pair has given back over half of the gains from the rally earlier this month. Medium-term sentiment would…
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Technical Analysis

USOIL Intermediate Correction Begins Bearish Impulse

Roman Onegin May 29, 2023 70 0

We considered the USOIL situation more than three weeks ago. We see that the formation of a large bearish trend continues, taking the form of a triple zigzag Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. It seems that the final sub-wave Ⓩ of this triple zigzag is…
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Fundamental Analysis

What is Happening with Oil?

Daniel John Grady May 11, 2023 107 0

Crude prices have been on something of a roller coaster over the last month and a half or so. While analysts point to individual news items around each price move, getting a handle on the general trend is a lot more complicated. The…
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Technical Analysis

USOIL Bearish Zigzag to reach $62!

Roman Onegin May 5, 2023 98 0

USOIL is forming a large bearish trend taking the form of a triple zigzag. This consists of primary waves Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. It seems that the final sub-wave Ⓩ is a triple zigzag. It is possible that the primary wave Ⓩ will have the form of…
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Technical Analysis

Intraday Analysis – WTI gaps up

Jing Ren Apr 3, 2023 82 0

EURUSD seeks support The US dollar may struggle over slower consumer spending growth in February. On the daily chart, after securing bids in the demand zone around 1.0500, a bullish MA cross is a sign of acceleration to the upside.…
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Technical Analysis

Oil Jumps $5 Amid Supply Concerns!

David Kindley Mar 30, 2023 85 0

WTI remains consolidated after a bullish channel sent prices to the highest levels in a fortnight. The $73 level was hit after bulls entered the market amid supply concerns. As we exit the first quarter of the year, is this a sign…
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Technical Analysis

USOIL Bears Complete Impulse, Bulls Begin Correction!

Roman Onegin Mar 21, 2023 113 0

USOIL suggests constructing the final part of the primary wave Ⓩ, which is part of a large triple zigzag. This wave could take the form of a double zigzag of the intermediate degree (W)-(X)-(Y). The last actionary wave (Y) is…
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Technical Analysis

Oil Hits 3-Month Low!

Orbex Mar 16, 2023 72 0

WTI sank to a 3-month low as the fallout continued with the recent banking crisis. Confidence levels have fallen across the board as 2023 paints a dismal picture. With Brent also on the downturn, will we see a sharp reversal, or will…
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Technical Analysis

Intraday Analysis 02.02.2023

Jing Ren Feb 2, 2023 109 0

EURUSD pops higher The US dollar plunged after the Fed’s 25 bp hike raised hopes that the peak rate is getting closer. On the daily chart, the euro has bounced off the 20-day SMA (1.0800) as it sought to preserve its gains above last…
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