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 April 25, 2019

April 25, 2019 at 11:09 by Vladimir Vyun

In the present video, Peter Martin from Trading 212 discusses performance of crude oil as of April 25, 2019. The video starts with explanation of fundamentals that were affecting the commodity this week, like the end of waivers on US sanctions against Iran oil exports and the sharp jump of US crude oil inventories. It continues then with the weekly, daily, 4-hour, and 30-minutes charts of oil. The weekly chart shows the support level that is situated where this year’s rally started, while the 4-hour chart shows bearish divergence between price actions and RSI.

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