USD/CAD Refreshes Daily Lows of 1.2760 as the Dollar Index (DXY) Loses Strength, and Oil Prices Rise

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USD/CAD dipped sharply during the Tokyo session, while the Dollar index depreciates in its upward momentum and oil prices increased due to new supply worries. USD/CAD experienced the action of downward forces today (Friday). Following a little change in its direction, the market drew the attention of buyers at 1.2318 price level, then dipped till […]

West Texas Intermediate Stays Stronger Above $91 in the Midst of Ukraine and Russia Crisis

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The West Texas Intermediate Oil value stays close to $91.45, increasing by 1.30% in a day while recording the first loss within nine months during today’s Asian session. Although anxiety amidst the energy bulls can be observed as a major promoter for the crude oil 1st weekly loss in many weeks. Struggle between Russia and […]

USD/CAD Stops on Its Way to 1.2800 as Oil Optimistic Traders Focuses on OPEC+ Risk Feeling Diminishes

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The pair strives to elongate the 3-day upward movement near the monthly high, not too long ago taking turns to 1.2775-1.2780 during Monday’s trading hours. As a result USD/CAD buyers were opposed by stronger oil value, likewise the remarks from BOC Governor tested the pair buyers where there is no major promoters and warned mood […]

Genel Energy Anticipates Free Movement of Money to Exceed Twofold in 2022

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Britain’s Genel Energy predicted yesterday that free movement of money to exceed twice what it used to be this year, aided by a rise in worldwide oil value, with Iraqi Kurdistan-concentrated oil manufacturer anticipating turnout at the unchanged level as of 2021.   The Actuators The enterprise has been involved in a little quarrel with […]

Brent Closes In On $80 As Market Ignores Omicron

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Brent crude oil rose by 1.3% which is $1.40, for $79.64 per barrel as of 11:19 GMT. While WTI crude rose by 1.5% which is $1.15, for $76.72. These above mentioned sold highest ever in one month.” Prospect of a big drop in the US crude stocks and big total manufacturing interruption from Nigeria, Lybia […]

USOIL (WTI) Retraces as Bulls and Bears Contemplate Next Move

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Key Resistance Levels: $66.00, $70.00, $74.00Key Support Levels: $48.00,$44.00,$40.00 USOIL (WTI) Long-term Trend: BullishUSOIL is in an uptrend. The WTI has risen to $69.32. The crude oil is facing resistance at the recent high. Meanwhile, on April 20 uptrend, a retraced candle body tested the 50% Fibonacci retracement level. The retracement indicates that WTI will […]

US Oil Validates Its Breakout!

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US Oil decreased a little in the short term but the outlook remains bullish. It has decreased to test and retest the immediate support levels before jumping higher. Technically, the breakout above the near-term strong resistance levels signaled a potential further growth. Still, the rate could move sideways before resuming its upwards movement. The US […]

USOIL (WTI) Is In An Upward Move,Faces Rejection At $68 High

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Key Resistance Levels: $66.00, $70.00, $74.00Key Support Levels: $48.00,$44.00,$40.00 USOIL (WTI) Long-term Trend: BullishUSOIL has resumed an upward move. WTI is falling after retesting the high of $65. The USOIL has rebounded above $61 as price reached the high of $65 before its downward move. The upward move has been ongoing above the $57 support. […]

US Oil Ready To Confirm Its Upside Continuation!

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US Oil (WTI) has decreased a little but the correction seems over after failing to take out the immediate downside obstacles. The major uptrend is still intact, that’s why we could see further growth. The US is to release the Crude Oil Inventories later today. The indicator is expected to drop again in the negative […]

USOIL (WTI) Is in a Downtrend, Targets Level $55.52

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Key Resistance Levels: $66.00, $70.00, $74.00Key Support Levels: $48.00,$44.00,$40.00 USOIL (WTI) Long-term Trend: BearishUSOIL is in a downward move after the rejection from $68 high. The price has fallen to the low of $58.25. The price has broken the 21-day SMA and it is approaching the 50-day SMA. The selling pressure will persist if price […]