WTI

Greenback Fragile on Election Predictions The dollar index fell by 0.68% on Tuesday as the US went to the polls. Traders are assessing the risks of yesterday’s vote as Joe Biden is favored to win the presidency, but they also understand…
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Oil prices maintain a steady hold as prices are up over 3% intraday. The gains managed to push oil prices back above the 36.51 level. The strong bullish candlestick close on the four-hour chart above this level could keep the momentum…
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Oil prices are up over one percent on Monday as prices recover from last week's declines. Following a brief move below the 34.41 area, oil prices managed to post a strong recovery. After rising above this level, oil prices are pushing…
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WTI crude oil prices slipped slightly lower on Friday before making a modest recovery into the closing session. While price action remains near a four-week low, the rebound is showing signs of a correction to the declines. The…
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Oil prices continue to extend losses, falling over four percent intraday. The declines saw oil prices falling to a four-month low at 34.91. However, we see a modest recovery from these lows. But now, price will need to challenge the…
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Oil prices gave back the gains, closing in the red on Friday at 39.74. Price action is likely to continue holding the sideways range between 41.00 and 38.83. In the short term, we see a divergence building up on the Stochastics…
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Oil prices are trading bullish on Thursday as investors brushed aside the build-up in gasoline inventories. The gains come after prices fell sharply off the 41.00 handle earlier on Wednesday. With price rebounding back to the 41.00…
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Oil prices are trading flat one day after price action attempted to break past the 41.00 handle. The muted price action comes amid weakening forecasts for crude oil. Furthermore, talks of Russia supporting cutbacks to production is…
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Oil prices were trading bullish on Monday. The gains come after OPEC+ chief reiterated that OPEC+ would not let oil prices to fall again. Elsewhere, Russia is attempting to engage Saudi Arabia in fresh talks amid the current oil…
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Crude oil prices continue to trade choppy with Friday's price action closing bearish. However, crude oil managed to recover from the intraday declines on Thursday to settle near the top. Overall price action remains caught within the 41…
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