USDWTI Price Analysis – March 26 After reaching 4 days high at $25.83, WTI oil drops below $25 mark, unable to retain progress, amid generally positive market sentiment after US Congress passed the stimulus package. Oil markets appear vulnerable to fresh declines, as perceptions of growing oversupply effects outweigh the direct impact of US measures. […]
USDWTI Price Analysis – March 23 West Texas Intermediate oil prices extend the downside which started in today’s trading session since Friday. Increasing open interest combined with volatile market activity favors extra losses, well on the cards in the short-term horizon with another visit to the $20.00 level neighborhood. Key Levels Resistance Levels: $33.60, $30.21, […]
USDWTI Price Analysis – March 19 Amid many attempts so far this Thursday to expand the recovery momentum beyond the $24 price level, WTI (oil futures on NYMEX) has entered a consolidated mode over the last few hours as investors evaluate the efficacy of the new global stimulus steps to counter the economic impact of […]
Ukuhlaziywa Kwentengo ye-USDWTI - Mashi 16 Namuhla, intengo kawoyela we-WTI yehlele phansi kakhulu kusukela engozini yangoMsombuluko odlule, iqhuma ku-$30 namazinga angu-$29 ngokuhlangana kwenani eliyindilinga kuyilapho indiva ukungenelela kwangaphandle. Ukuthengiswa kukawoyela kusebenze ubusuku bonke ngemuva kokuthi izinyathelo ezinonya ze-Fed zihlulekile ukudambisa abatshalizimali, ngempi yamanani eqhubekayo phakathi kwabakhiqizi abakhulu […]
USDWTI Price Analysis – March 12 On Thursday the price of a barrel of oil stabilized, but bulls are hit, as the US petroleum stopped its recovery attempt from a level of $30.21 and crashed almost 7 percent. West Texas Intermediate oil has depreciated from $33.60 to a price level of $30.72, because of the […]
USDWTI Price Analysis – March 9 WTI oil futures for April delivery is in free fall mode on Monday after a price war between Saudi Arabia and Russia caused by last week’s OPEC+ meeting. On Monday, the oil price opened 11 percent lower and trading at a $27.40 level multi-year low, though not far from […]
USDWTI Price Analysis – March 5 OPEC members rallied to discuss a reduction of 600,000 barrels per day (BPD) of oil production to raise crude oil prices, affected by global demand problems caused by a coronavirus. In general, the product is traded at the bottom of its range, and any drop below $47.00 may lead […]
USDWTI Price Analysis – March 2 WTI (oil futures) is slowing its pace of recovery from a new 15-month low level of $ 43.83 after the sell-off opening gap caused by China’s horrible manufacturing PMI data released on Sunday. On the contrary, further selling stays on the cards, and any accidental attempt to buying can […]
Ukuhlaziywa Kwentengo ye-USDWTI - ngoFebhuwari 27 uwoyela waseWest Texas Intermediate (WTI), ofinyelele ezingeni lika- $ 47.70 emizuzwini embalwa ngaphambi kwesikhathi se-Press, ubiza u- $ 47.78 ngomgqomo. Ingxenye yokuqala kaJanuwari 2019 ikhombise leli zinga ekugcineni. Ukuthengisa kungaxhunyaniswa nendiza yezokuphepha ebangelwe yizinkinga ze-coronaviral ngaphandle kwaseChina. […]
