WTI

WTI moves higher with 100-day MA providing some resistance; Russian price cap review pushed back by G-7 nations and as China celebrates the Lunar New Year, flash PMIs and US GDP may provide fresh impetus for WTI’s next move.

2023-01-24T03:16:17+0000

Crude oil prices continue trading lower within a Falling Wedge pattern; gold prices may be readying to reverse lower, but confirmation lacking and XAU/USD is eyeing RSI divergence, Rising Wedge and an Evening Star.

2022-12-20T01:51:40+0000

Crude comes back into focus this weekend, with the OPEC+ production decision coming ahead of the expected G7/EU price cap on Russian oil

2022-11-30T17:21:37+0000

Crude oil prices are under pressure on global growth concerns; China’s economic fortunes are weighed by policy and disruptive restrictions and futures markets might provide hints for WTI’s direction.

2022-11-29T04:44:29+0000

Crude oil prices crushed as futures market entered contango Friday; cautious risk aversion on Wall Street sets sour tone for Asia trade and WTI Ascending Triangle breakout continues to gather momentum.

2022-11-21T01:45:37+0000

Crude oil prices are under pressure as China increases lockdown measures as Covid spreads; a surprise build in US stockpiles and the restarting of a major US refinery pose headwinds and WTI prices extend drop.

2022-11-10T04:38:00+0000

In an attempt to shore up oil prices, OPEC+ is planning to cut output by 2 million barrels a day. Also coming in November: the end of the million-barrel-a-day draining of the SPR and potential damage to key European oil pipelines.

2022-10-25T06:23:40+0100

A renewed outbreak of risk aversion has hit commodities, driving gold and cotton lower and causing oil to reverse course again.

2022-09-16T10:50:00+0100