Crude Oil WTI

The headlines from the OPEC+ meeting yesterday were that the cartel agreed to keep its policy steady. And technically, that is true. The Organization agreed to raise production (specifically, 'ease cuts') by 400K, starting in April. This…
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Oil has fallen over $5 over weaker fuel demand as Shanghai launched a two-stage lockdown to contain a surge in Covid-19 infections. However, oil markets could turn bullish when OPEC meets on Thursday. As the largest global crude…
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USOIL suggests the development of a global upward impulse a pf the cycle degree that consists of primary sub-waves ①-②-③-④-⑤. After the end of the primary correction ④, which took the form of a double zigzag, we saw a price reversal…
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Oil looks to recover from last week’s losing streak as the black gold looks to close in on $110. Hopeful peace talks between Russia and Ukraine halted, which saw a surge in prices once again. With OPEC so far not looking likely to…
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EURUSD struggles over recession risk The euro treads water as talks of recession simmer. The pair found support following the ECB's pledge to reduce its stimulus, paving the way for an interest rate hike before the end of the year.…
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Yesterday, European stock markets moved substantially higher and brent crude fell below $100/bbl. Since then, it has popped back up, but it is still quite a bit lower than Monday's peak. Crude prices topped out after the US announced it…
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USDCHF breaks major resistance The US dollar continues upward as the Fed is set to increase its interest rates by 25bp. The rally sped up after it cleared the daily resistance at 0.9360. The bullish breakout may have ended a 9-month…
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Firstly, let's get this out of the way: the Fed is going to raise rates at the conclusion of their two-day meeting tomorrow. 98.3% of experts agree that the FOMC will decide to raise rates by 25bps. The other 1.7% think it will be 50bps.…
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