Tag: USOIL
Oil Markets – The Price Cap?
USOil, Daily
Oil prices had moved higher over the past week, with both demand and supply considerations adding support. Chinese officials over the weekend moved...
Market Update – December 2 – USD holds at lows & Stocks at Highs...
The USD Index holds at lows not seen since August & June at 104.50 and significantly below the 200-day MA at 105.40. Weaker...
Oil prices boosted by rumours around OPEC+ production cuts
Crude oil managed to rally slightly yesterday, supported by rumours of production cuts by OPEC+ masking concerns of demand shortages, as China is still...
Market Update – November 22 – China Covid Worries Puncture Sentiment
The USD Index holds onto recent gains at 107.50, but unable to break resistance at 107.80. Asian markets further impacted with more COVID cases...
Market Update – November 8 – US Midterms Election Day
The USD Index slipped further to test 110.00 yesterday, a -2.65% decline from Thursday's high at 113.00, trades at 110.25 today. Stocks rallied...
USOil Rally Held at the Neckline Level
Crude oil futures prices rebounded on Monday, with USOil recording a high of $92.88 and UKOil almost reaching $100 per barrel for the first...
