Commodity Blog

Commodity news, technical and fundamental analysis, market data on precious metals, energies, industrial metals, and soft commodities


Video: Charts of Crude Oil as of May 2, 2019

May 2, 2019 at 11:49 by Vladimir Vyun

In the present video, Peter Martin from Trading 212 discusses the latest pullback of crude oil. He starts with explanation of fundamentals that were driving the commodity higher, like geopolitical tensions, and then explains the factor that made crude retreat, namely the huge buildup of US crude oil inventories. The video continues with weekly, daily, and 4-hour charts of oil. It also shows 25-day exponential moving average and 125-day simple moving average on the daily chart of crude oil.

If you found this video useful and want to see more videos like this one or if you want to see a commodity trading video on some other topic, please leave your response using the form below.

Leave a Reply