Crude Oil Market Analysis:
Crude oil has been trending downwards on the daily chart recently, with selling pressure heading towards the 60 level. The situation in the Middle East remains largely unchanged, and barring any major surprises, it's essentially over. The finalization of the agreement is expected to lead to another drop in crude oil prices. The starting point for the price increase before the conflict was around 60, so selling at this level should be avoided.
Fundamental Analysis:
Today, we'll focus on initial jobless claims and PCE data. News from the Middle East remains our primary focus.
Trading Recommendation:
Crude Oil - Sell around 75.00, target 70.00-65.00
Crude oil has been trending downwards on the daily chart recently, with selling pressure heading towards the 60 level. The situation in the Middle East remains largely unchanged, and barring any major surprises, it's essentially over. The finalization of the agreement is expected to lead to another drop in crude oil prices. The starting point for the price increase before the conflict was around 60, so selling at this level should be avoided.
Fundamental Analysis:
Today, we'll focus on initial jobless claims and PCE data. News from the Middle East remains our primary focus.
Trading Recommendation:
Crude Oil - Sell around 75.00, target 70.00-65.00
Aviso legal
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.