🛢 CL OIL, H4 🛢 22 March 2024
Crude oil prices faced downward pressure amid weaker US gasoline demand data and reports of a United Nations draft resolution calling for a ceasefire in Gaza, easing concerns of supply disruptions. Despite an unexpected decline in US crude inventories reported by the Energy Information Administration (EIA), gasoline product demand slipped below 9 million barrels, contributing to the overall bearish sentiment in the oil market. Geopolitical tensions also weighed on oil prices, with the
US drafting a UN resolution aimed at facilitating a ceasefire, dampening market fears. Oil prices are trading lower while currently testing the support level. Suggesting the commodity might extend its losses after breakout.
Resistance level: 82.75, 85.45📉
Support level: 80.45, 78.45📈
Crude oil prices faced downward pressure amid weaker US gasoline demand data and reports of a United Nations draft resolution calling for a ceasefire in Gaza, easing concerns of supply disruptions. Despite an unexpected decline in US crude inventories reported by the Energy Information Administration (EIA), gasoline product demand slipped below 9 million barrels, contributing to the overall bearish sentiment in the oil market. Geopolitical tensions also weighed on oil prices, with the
US drafting a UN resolution aimed at facilitating a ceasefire, dampening market fears. Oil prices are trading lower while currently testing the support level. Suggesting the commodity might extend its losses after breakout.
Resistance level: 82.75, 85.45📉
Support level: 80.45, 78.45📈
Pernyataan Penyangkalan
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Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.