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February 3, 2023

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Tag: WTI

WTI corrects to near 93.00, upside remains favored on higher demand forecasts
Forex News / Stock News

WTI corrects to near 93.00, upside remains favored on higher demand forecasts

August 12, 2022September 1, 2022 - by admin - Leave a Comment

Oil prices are likely to rebound firmly as IEA has stepped up demand forecasts. Substitution of natural gas to oil ahead of Winters is strengthening the black gold. Trimmed odds for …

WTI corrects to near 93.00, upside remains favored on higher demand forecasts Read More
USD/CAD should be north of 1.32, dips will be short-lived – TDS
Forex News / Stock News

USD/CAD steadies around mid-1.2700s amid softer oil, DXY rebound ahead of US data

August 12, 2022September 1, 2022 - by admin - Leave a Comment

USD/CAD treads water around the lowest levels in two months. Global markets jitter as Fed policymakers resist cheering easy inflation figures. OPEC, IEA oil demand forecasts join cautious mood to …

USD/CAD steadies around mid-1.2700s amid softer oil, DXY rebound ahead of US data Read More
WTI stays pressured towards $87.00 at six-month low amid recession fears, focus on US NFP
Forex News / Stock News

WTI eases towards $93.00 on OPEC/EIA demand forecasts, USD rebound

August 11, 2022September 1, 2022 - by admin - Leave a Comment

WTI retreats from one-week high, probes two-day uptrend. OPEC, EIA anticipate world energy demand to ease in 2022, and increase next year. Mixed sentiment, light calendar could restrict short-term moves. …

WTI eases towards $93.00 on OPEC/EIA demand forecasts, USD rebound Read More
WTI jumps to $96 mark as Saudi set to hike oil price to record
Forex News

WTI Price Analysis: Bulls struggle around 200-EMA, $92.00 a critical hurdle

August 11, 2022September 1, 2022 - by admin - Leave a Comment

The 200-period EMA is acting as a major barricade for the counter. A bullish flag formation adds to the upside filters. The RSI (14) is attempting a break above 60.00, …

WTI Price Analysis: Bulls struggle around 200-EMA, $92.00 a critical hurdle Read More
WTI sees a downside to $90.00 on escalating US-China tensions, OPEC meeting eyed
Forex News

WTI fades US inflation-led rally below $91.00, focus on OPEC, IEA demand forecasts

August 10, 2022September 1, 2022 - by admin - Leave a Comment

WTI crude oil struggles to keep the US inflation-linked bullish bias. Resumption of Russian oil pipeline flows after six-day halt challenges US CPI-led advances. EIA inventory build, Fedspeak and challenges …

WTI fades US inflation-led rally below $91.00, focus on OPEC, IEA demand forecasts Read More
WTI bulls poke $90.00 amid Russian pipeline halt, focus on EIA stockpiles, US/China inflation
Forex News

WTI bulls poke $90.00 amid Russian pipeline halt, focus on EIA stockpiles, US/China inflation

August 9, 2022September 1, 2022 - by admin - Leave a Comment

WTI picks up bids to reverse the pullback from weekly high. Energy prices struggle to please bulls as softer weekly API oil inventories battle risk-aversion wave. Russia’s suspension of oil …

WTI bulls poke $90.00 amid Russian pipeline halt, focus on EIA stockpiles, US/China inflation Read More
WTI Price Analysis: Bears battle with 200-DMA at five-month low around $93.50
Forex News

WTI attempts a break above $90.00 as hopes for demand revival accelerate

August 9, 2022September 1, 2022 - by admin - Leave a Comment

Oil prices are aiming for a break above $90.00 to trigger a bullish reversal. An upbeat US NFP has infused fresh blood into the oil bulls. The demand for oil …

WTI attempts a break above $90.00 as hopes for demand revival accelerate Read More
WTI pressured in a risk-off setting in Tokyo
Forex News

WTI Price Analysis: Defends bounce off 61.8% Fibonacci retracement around $90.00

August 8, 2022September 1, 2022 - by admin - Leave a Comment

WTI grinds higher after bouncing off the key Fibonacci retracement support. Sluggish RSI, MACD challenge further upside momentum but 61.8% golden ratio probes bears. Convergence of 200-DMA, two-month-old resistance line …

WTI Price Analysis: Defends bounce off 61.8% Fibonacci retracement around $90.00 Read More
USD/CAD: Loonie is likely to continue to find it difficult to gain significant ground – Commerzbank
Forex News

USD/CAD consolidates gains above 1.2900 as DXY retreat, oil price rebound ahead of US inflation

August 8, 2022September 1, 2022 - by admin - Leave a Comment

USD/CAD remains mildly offered while paring the biggest daily gains in three weeks. US dollar retreats amid sluggish session, oil prices cheer firmer China trade numbers, easing fears surrounding Taiwan. …

USD/CAD consolidates gains above 1.2900 as DXY retreat, oil price rebound ahead of US inflation Read More
WTI jumps to $96 mark as Saudi set to hike oil price to record
Forex News

WTI retreats towards six-month low under $88.00, focus on US inflation, Taiwan

August 7, 2022September 1, 2022 - by admin - Leave a Comment

WTI fades Friday’s bounce off six-month low, renews intraday bottom of late. Market sentiment sours amid increased hawkish Fed bets, Sino-American tension over Taiwan. OPEC+ verdicts failed to impress buyers …

WTI retreats towards six-month low under $88.00, focus on US inflation, Taiwan Read More

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