crude oil trend

Hello traders Here’s a clean technical setup developing on WTI Crude Oil (H1 chart): Technical Overview: Recent strong bullish momentum has driven prices higher. Currently, we’re seeing a healthy pullback phase. Price is approaching key support zones (marked on chart). As long as...

Daily Commodity Analysis - oil, gas, gold, copper turmoil. Introduction Oil prices grapple with a mixed outlook amid global economic uncertainties and Red Sea tensions. Concerns over China’s demand and potential OPEC production cuts weigh on the market. Meanwhile, U.S. natural gas faces supply...

I don’t think it can go below $80, says Carl Larry, Oil Outlooks and Opinions, sharing his thoughts on OPEC’s high stakes game of chicken with oil prices… Video link to the topic (detalis) >>> http://businessmediaguide.com/crudes-big-slide-how-low-can-it-go/

Crude oil has extended its recent declines following a disappointing set of US ISM manufacturing data,which helped trigger another bout of broad-based risk aversion. The print of 51.3 was the lowest in six months and well below economists’ expectations for a reading of 56. Newswires suggested...