Forecast for Crude Oil Price – Crude Oil Markets Continue to Consolidate
Tuesday’s crude oil markets experienced a mildly unfavorable trading day as traders pondered their next move.
Written by: Winona Grant
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WTI crude oil
Crude Oil Price Prediction – Crude Oil Markets Continue to Respect the 200-Day Exponential Moving Average
The crude oil markets have retreated somewhat during Thursday’s trading session, indicating hesitancy around resistance.
Written by: Winona Grant
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Forecast of Crude Oil Price – Oil Markets Exhibit a Falling Wedge
During Tuesday’s trading session, crude oil markets rose slightly to break out of a falling wedge. This may be due to Saudi Arabia “rethinking” its crude output.
Written by: Winona Grant
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WTI Set for Slight Weekly Loss; Gold Plunges on USD Strength and Rising Yields
WTI climbed little on Friday, aided by bullish OPEC comments and US inventory data from earlier in the week. WTI remained on track for a small weekly loss, with upside restrained by broader risk-off movements. Gold was poised for its worst weekly performance in six weeks due to the strength of the USD and rising US yields.
Written by: Winona Grant
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Natural Gas Price Prediction – Natural Gas Markets Rise Once More
Natural gas markets surged during Thursday’s session, reaching a high of $8.55 before retreating somewhat.
Written by: Winona Grant
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Weekly Fundamental Oil Price Forecast: Fed Rate Increase to Impact Fuel Demand
Fears that the Fed’s aggressive interest rate increases would reduce the world’s demand for gasoline are likely to keep the market in a gloomy mood.
Written by: Winona Grant
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Weekly Crude Oil Price Prediction – Crude Oil Markets Have Another Uncertain Week
Crude oil prices have fluctuated wildly this week, wiping out accounts at every opportunity. Since this is the case, you should generally avoid this market for the time being.
Written by: Winona Grant
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WTI Price Analysis: Continues to rebound from $103.70 support convergence
WTI recovers from its largest daily loss in a week near key support. Bearish MACD signs, a declining RSI, and the inability to breach the 21-day EMA all favor selling. The convergence of the two-month-old support line and the 100-day exponential moving average inhibits additional declines.
Written by: Winona Grant
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Crude Oil Price Prediction – Slumping Crude Oil Markets
Bear in mind that it was Juneteenth in the United States, meaning that significant liquidity was absent, as crude oil prices fell marginally during Monday’s trading session.
Written by: Winona Grant
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