Saudi Arabia and the United Arab Emirates’ state-owned oil companies aim to extract lithium from brine within their oilfields, as part of their strategy to diversify economies and capitalize on the rise of electric vehicles (EVs). Saudi Arabia, traditionally dependent on oil, has allocated billions towards becoming a center for electric vehicles (EVs) in line […]
Market Analysis – February 2nd USOil bears continue to clash lower as momentum grows. The market has been responding to bearish sentiment, and there is a possibility of further downward movement. The sell pressure has been intense for several days, indicating a growing bearish momentum. USOil Key Levels Resistance Levels: 82.520, 77.970Support Levels: 69.760, 67.870 […]
Participants in the commodity market will closely examine the Federal Reserve’s policy guidance in the upcoming week. Investors are on edge as the Federal Open Market Committee (FOMC) and the Bank of England (BoE) prepare for their upcoming meetings. The fluctuating risk sentiments stem from the latest US economic data and China’s plans to boost […]
Market Analysis – January 26th The price of USOil is currently showing weakness as it approaches the significant zone of 77.380. The Oil price opened with a sharp decline after reaching this key level, indicating the presence of sellers in the market. As a result, buyers are likely to struggle for some time. The bulls […]
Market Analysis – January 13th USOil consolidate as bulls make solid gains this week following a bearish purge last year. The USOil market is currently in a consolidation phase, despite the solid gains made by the bulls this week. The bulls have shown reasonable strength, but the oil market has been reluctant to break out […]
Market Analysis – January 6th USOil buyers intercept sellers, creating the potential for bullish action.The bearish course of WTI (USOil) has encountered obstacles due to a lack of significant liquidity flow. This week, buyers have seized a trading opportunity from sellers. This resulted in a quick drive from the 69.300 significant level and a revival […]
Market Analysis – December 8th USOil (WTI) sellers shake buyers and off momentum. According to technical analysis, the oil market has seen a shift in momentum from sellers to buyers. The sellers had been in control for a while, but since October, the buyers have started to gain ground. Before that, the buyers had a […]
In a startling turn of events, oil markets witnessed a sharp surge in prices on Friday, driven by escalating tensions in the Middle East. The Israeli government issued a stern warning, signaling a possible ground offensive into northern Gaza and urging residents and UN officials to evacuate within 24 hours. This dramatic development has added […]
US Oil Analysis – Buyers Seeks Out Price Expansion US Oil pushes for more gains despite consolidation. The bulls have maintained a positive price tendency throughout this week, leading to the possibility of a breakout beyond 74.530. Despite this potential, any reduction in buyers’ buying strength could mean the Crude Oil market is set to […]
