WTI CrudeOil Threatens to Break from a Falling Wedge
Get DailyForex analysis to your emailWe commit to never sharing or selling your personal information
By doing so, it looks as if it is trying to defend the $75 level and breakout of the falling wedge that it has been part of for some time. In that scenario, I believe that the market probably has some correction ahead, which in theory could play out the entire wedge, sending this market to the $90 level.Market Can be Very Volatile During the Holidaysflag, but I would not get overly excited about it, because we may just simply drift sideways as most people will be paying close attention to the holidays, not so much the oil market.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
WTI Price Analysis: Oil bulls can ignore recent inaction surrounding $76.00WTI Price Analysis: Oil bulls can ignore recent inaction surrounding $76.00 – by anilpanchal7 Oil WTI Technical Analysis ChartPatterns SupportResistance
Read more »
Oil prices up as U.S. crude stocks seen falling, dollar easesOil prices rose in early Asian trade on Wednesday as U.S. crude stocks were seen falling last week, while the dollar weakened, making oil less expensive for non-American buyers.
Read more »
U.S. poised to become net exporter of crude oil in 2023The United States has become a global crude oil exporting power over the last few years, but exports have not exceeded its imports since World War II. That could change next year.
Read more »
Oil prices lifted by data showing fall in U.S. crude inventoriesOil futures rise Wednesday, lifted after industry report shows a fall in U.S. crude inventories ahead of official data
Read more »
WTI crude oil stays firmer past $76.00 on softer US Dollar and hopes of more energy demandWTI crude oil stays firmer past $76.00 on softer US Dollar and hopes of more energy demand – by anilpanchal7 Oil WTI RiskAppetite Commodities Recession
Read more »
Japan sounds out oil refiners on buying Russian oil from Sakhalin-2 -sourcesJapan is sounding out major oil refiners about buying Russian ultra light crude from the Sakhalin-2 gas and oil project to ensure that the plant can continue to operate smoothly, two sources with direct knowledge of the talks said.
Read more »