Share: WTI picks up bids to rebound from weekly low, snaps three-day downtrend. US Dollar pullback, hopes of more demand from China supersede bearish EIA Oil...
Share: WTI extended its losses to three consecutive days below $80.00 a barrel. US EIA reported that stockpiles had risen the most since June 2021. WTI...
Share: Hello Traders in this blog we will see how CL_F Crude Oil Futures found support from equal legs area and reacted higher within wave 2....
Share: WTI extends pullback from two-week high amid sour sentiment. Tensions surrounding unidentified objects, the hawkish Fed weigh on commodity prices. OPEC expects upbeat energy demand,...
Share: Oil installations around Turkey and Syria had reported no or minor damages, which capped WTI’s drop. Fed hawkish commentary capped WTI’s rally toward $80.00. WTI...
Share: Western Texas Intermediate got bolstered as the US Dollar weakens on soft US Fed Powell remarks China’s reopening and Turkey’s earthquake are one of the...
Share: Western Texas Intermediate recovers some ground even though the US Dollar remains buoyant. IEA’s director commented that China’s reopening would drive oil prices. WTI Technical...
WTI picks up bids to snap three-day downtrend at monthly low. Bearish MACD signals, previous support line challenges buyers. Upside appears doubtful below 100-DMA, descending trend...
“Oil producers may have to reconsider their output policies following a demand recovery in China, the world’s second-largest oil consumer,” International Energy Agency (IEA) Executive Director...
WTI is set to finish the week with more than 2% losses. Factors like solid US jobs data and the EU’s embargo on Russian oil-related products...
WTI braces for first weekly loss in three on breaking 50-SMA, fortnight-long trend line. U-turn from two-month-old resistance, bearish MACD signals also keeps sellers hopeful. Ascending...
WTI oscillates in a limited territory around $81.50 amid the absence of a potential trigger. The upside in the oil price is capped amid rising worries...
WTI retreats from intraday high, consolidates gains during two-week uptrend. Hawkish Fedspeak, downbeat US data underpin economic slowdown fears even as China demand puts a floor...
WTI picks up bids to approach short-term key hurdles during its second consecutive weekly gain near 1.5-month high. Successful trading above two-week-old ascending trend line, upbeat...
WTI bears are holding the fort at $81.00 which guards the key structure of $83.30. While below resistance, there are prospects of a move lower into...
The WTI M-formation is in play in a thin choppy trade on Monday. Daily chart parameters keep the price stuck in a range, testing daily trendline...
Oil prices have turned sideways after failing to extend recovery to near $80.00. The black gold price has not run out of steam as the US...
WTI got bolstered by a soft US Dollar, though it struggled to break above solid resistance. The deceleration in the US Consumer Price Index (CPI) and...
WTI rallied more than 3% due to increased optimism on China’s re-opening. An increase in US stockpiles was not an excuse for WTI to continue to...
WTI bulls pullback in Asia, but themes are upbeat as China reopens borders. China issued a fresh batch of import quotas, a signal that the world’s...