Crude Oil Market Analysis:
Is the Crude Oil Buying Stuck? The biggest question in the market these past two days has been whether the previously strong crude oil buying trend has any hope. The more tense the situation in the Middle East, the stronger the crude oil buying became. Recently, with the situation easing, crude oil buying has seen a significant pullback. In the short term, I lean towards a continued recovery in crude oil prices. Both buying and selling are possible, but consider selling when crude oil approaches the resistance level around 89.
Fundamental Analysis:
Our current focus is on the new developments in the US-Iran negotiations and the Federal Reserve's new monetary policy.
Trading Recommendation:
Crude Oil – Sell around 89.00, target 82.00-78.00
Is the Crude Oil Buying Stuck? The biggest question in the market these past two days has been whether the previously strong crude oil buying trend has any hope. The more tense the situation in the Middle East, the stronger the crude oil buying became. Recently, with the situation easing, crude oil buying has seen a significant pullback. In the short term, I lean towards a continued recovery in crude oil prices. Both buying and selling are possible, but consider selling when crude oil approaches the resistance level around 89.
Fundamental Analysis:
Our current focus is on the new developments in the US-Iran negotiations and the Federal Reserve's new monetary policy.
Trading Recommendation:
Crude Oil – Sell around 89.00, target 82.00-78.00
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
We share free trading signals of various products (XAUUSD, foreign exchange, oil, BTC) every day, with high accuracy and lucrative profits.
t.me/+UZJ2LjGYNRtjNTMx
t.me/+UZJ2LjGYNRtjNTMx
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.