FUND Buy 29.03.2024 10:18
WTI Crude Oil: in January-February, China increased crude oil imports to 88.31M tons
The price of North American light oil WTI Crude Oil is correcting sideways at 82.69 amid geopolitical tensions.
FUND Sell 27.03.2024 10:03
WTI Crude Oil: OPEC Secretary General named negative consequences for the economy in case of refusal of oil
During the Asian session, prices for WTI Crude Oil are developing a downward momentum formed yesterday, when the quotes retreated from the highs of March 20, and are testing the level of 80.60 for a breakdown.
TECH Sell 25.03.2024 08:21
WTI Crude Oil: wave analysis
A fall is possible.
On the daily chart, the first wave of the higher level (1) formed, and a downward correction develops as the second wave (2), within which the wave C of (2) develops. Now, the first wave of the lower level i of C of (2) has formed, a local correction has developed as the second wave ii of C of (2), and the third wave iii of C of (2) has started. If the assumption is correct, the price of the asset will fall to the area of 60.00–52.00. In this scenario, critical stop loss level is 83.58.
FUND Buy 20.03.2024 12:06
WTI Crude Oil: price declines in anticipation of the outcome of the US Federal Reserve meeting
Yesterday, the price of WTI Crude Oil reached the resistance level of 83.50, around which large volumes of purchases were recorded before the decision on the US Fed interest rate, after which the quotes dropped to 82.50.