Tomorrow begins the new month of May. Will you trade the crudeoil ? Get our forecast:
Enter your emailI do have more of an upward bias, but I also recognize that things can change in a flash.
It is worth noting that the uptrend line of the triangle is still very much intact, so you should pay close attention to it. It is as if the market is trying to determine whether or not the demand is going to overwhelm supply or vice versa. After all, there are a lot of moving pieces when it comes to the global economy at the moment.It is worth noting that we are just above the $100 level, and that of course has a certain amount of psychology attached to it.
If the market takes out the $110 level, it is very likely that we will have a significant amount of momentum building up for the buyers, and therefore could allow the market to go looking towards the recent highs, which is closer to the $130 level.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
WTI eyes $110.00 on renewed supply worries as EU progresses toward Russian oil embargoWest Texas Intermediate (WTI), futures on NYMEX, are trading near Thursday’s last traded price at $104.16. The oil prices have witnessed a strong rebo
Les mer »
Iran Ramps Up Oil Exports as China Pulls Back on Russian CrudeIran’s growing oil exports illustrate how the invasion of Ukraine is redrawing the world’s energy trade routes, as energy consumers look for alternatives to Russian oil and gas to avoid Western sanctions.
Les mer »
US crude oil on track for five straight months of gainsOil prices were trading higher Friday morning as the outlook for demand is still a concern due to China's COVID-19 lockdowns.
Les mer »
Crude Oil Futures: Rising bets for further upsideOpen interest in crude oil futures markets went up for the third consecutive session on Thursday, now by nearly 19K contracts according to advance pri
Les mer »
Saudi Arabia may cut June crude prices to Asia from record highsTop oil exporter Saudi Arabia may cut prices for crude grades sold to Asia in June after benchmarks slumped from records in the previous month as COVID lockdowns curbed demand in China, the world's biggest crude importer, traders said on Friday.
Les mer »
NASDAQ 100 Forecast: May 2022The NASDAQ 100 has had a very rough month, as traders are starting to focus on the fact that the Fed is not willing to save Wall Street on every dip now.
Les mer »