Market News:
U.S. Energy Secretary Chris Wright stated that the Trump administration plans to take over Venezuela's future oil sales and use the proceeds to rebuild the country's economy.
"If we control where the oil flows and the cash flow generated from those sales, we will have tremendous leverage," Wright said Wednesday at the Goldman Sachs Energy, Clean Technology, and Utilities conference in Miami. "We need that leverage and control over oil sales to drive the necessary changes in Venezuela." Wright anticipates that Venezuela's daily crude oil production could increase by hundreds of thousands of barrels in the short to medium term. The U.S. government plans to deposit the proceeds into government accounts to benefit the Venezuelan people.
Technical Analysis:
Today's Buy/Sell Threshold:
1.3837
Support and Resistance Levels:
1.3908
1.3881
1.3864
1.3809
1.3792
1.3765
Trading Strategy:
If the price breaks above 1.3864, consider buying with a first target price of 1.3881.
If the price breaks below 1.3837, consider selling with a first target price of 1.3809.
U.S. Energy Secretary Chris Wright stated that the Trump administration plans to take over Venezuela's future oil sales and use the proceeds to rebuild the country's economy.
"If we control where the oil flows and the cash flow generated from those sales, we will have tremendous leverage," Wright said Wednesday at the Goldman Sachs Energy, Clean Technology, and Utilities conference in Miami. "We need that leverage and control over oil sales to drive the necessary changes in Venezuela." Wright anticipates that Venezuela's daily crude oil production could increase by hundreds of thousands of barrels in the short to medium term. The U.S. government plans to deposit the proceeds into government accounts to benefit the Venezuelan people.
Technical Analysis:
Today's Buy/Sell Threshold:
1.3837
Support and Resistance Levels:
1.3908
1.3881
1.3864
1.3809
1.3792
1.3765
Trading Strategy:
If the price breaks above 1.3864, consider buying with a first target price of 1.3881.
If the price breaks below 1.3837, consider selling with a first target price of 1.3809.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.