Crude Oil WTI

USOIL sees bearish momentum stalling WTI climbed back in anticipation of extended production cuts by OPEC+ in their upcoming meeting in April. The pullback would be temporary as an RSI divergence showed a loss in the sell-off.…
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EURUSD consolidates near the support area The US dollar stayed subdued as Treasury yields retreated on Monday, relieving pressure on its European counterpart. The pair has fallen back from the double top at 1.1990 after it went into…
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Oil continues to form a bullish impulse of a cycle degree. Recently, the cycle wave III which consists of primary sub-waves ①-②-③-④-⑤, fully completed. We are now seeing a slight corrective decline in the price in wave IV in the form…
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Oil Hits Three Year Highs Volatility in the oil market continued this week. Crude broke out to its highest level since October 2018, piercing above the 65.40 level briefly, before reversing lower. Oil prices have been rallying steadily…
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Crude Stocks Soar Following two days of declines, oil prices shot higher midweek. The latest report from the Energy Information Administration showed a mammoth build in US crude stockpiles. The EIA reported that in the week ending…
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Oil prices are steady after rising to a new 13-month high. The gains come as the latest report shows a drop in US Crude oil output. The weaker dollar is also helping the commodity to maintain its hold. For the moment, prices are…
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Oil prices managed to shrug off the uncertainty of the past few days with price action once again surging. On an intraday basis, spot crude oil prices rose over 3% in what is likely to be a strong recovery. The gains come after oil…
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Oil prices surged higher intraday on Tuesday. Prices tested a new 13-month high of 62.96 in the early Asian trading session. However, since then, oil prices gradually drifted back lower. The test of support near 60.87 confirms that…
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WTI crude oil prices are looking bullish with price action posting a strong recovery after the declines from Thursday and Friday last week. For the moment, price is yet to breakout above last Thursday’s highs of 62.22. But this is…
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On Friday, WTI Crude oil prices closed with back to back losses. This led to the weekly price action closing in the red after prices briefly rose above 61.35 earlier in the week. The declines come after oil prices have been moving in a…
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