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 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 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
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 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 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
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 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 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 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