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WTI crude oil is currently trading up against major resistance via the 2019 and 2020 highs within the confines of a channel; something has to give. ....
Crude Oil Technical Forecast: Lack of Momentum to Foster Consolidation dailyfx.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailyfx.com Daily Mail and Mail on Sunday newspapers.
Crude Oil Hampered by OPEC Demand Outlook, Gold Price Eyeing PPI Data 2021-03-12 06:00:00 Daniel Moss, Analyst Gold Prices, Crude Oil, OPEC+, US PPI, Commodities Briefing – Talking Points: Crude oil prices vulnerable to near-term pullback after OPEC trim demand estimates. Rebounding yields place downward pressure on gold prices. Gold could gain on soft US PPI figures . Advertisement Crude oil prices have regained lost ground in recent days, as the gradual increase in road usage suggests that a broad recovery in overall fuel consumption is picking up speed. Apple mobility data shows that the number of people driving in Europe, the UK, and the US, has continued to rise since the start of the year, as the rollout of coronavirus vaccinations and falling rate of infections allows several developed economies to begin returning to a level of normality. ....
Crude Oil Forecast â Keep an Eye on Channel as Correction Risk Rises 2021-03-11 14:00:00 Paul Robinson, Strategist Crude Oil Technical Outlook: Up over 100% since November, correction may be due Upward channel an important guide to watch Advertisement Crude Oil Forecast – Keep an Eye on Channel as Correction Risk Rises WTI crude oil continues to rise within the confines a somewhat loose but steady channel. It is currently trading up against the 2019 and 2020 highs. This could prove to be a pivotal spot at a time when oil is up significantly without having had a meaningful correction. The reversal the other day was powerful and indicates that sellers are in the area of the 2019/20 highs. The smallish bounce the past couple of days could turn into a failed attempt to advance, with potential to carve out a lower-high. ....
Crude Oil Prices Aiming Higher on OPEC Surprise, Inflation Expectations dailyfx.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailyfx.com Daily Mail and Mail on Sunday newspapers.