TAG: Brent
Brent Crude – Oil gives back gains after inventory data
EIA reported inventories rose by 12 million barrels last week Volatility remains amid uncertainty Inverse head and shoulders forms Oil prices remain very volatile and last week’s unexpected and substantial inventory build, reported by EIA, further added...
7 months ago
Market Insights Podcast – US and UK inflation ahead, bitcoin nears $50,000
OANDA Senior Market Analyst Craig Erlam joins Jonny Hart to preview the big events over the next couple of days, and discuss the latest moves in oil and bitcoin. Content is for general information purposes only. It is not investment advice or a solutio...
7 months ago
Global oil benchmark Brent breaks above $88 on fresh supply threats
Global oil benchmark Brent rose above $88 a barrel for the first time since October on Tuesday as oil supplies faced fresh threats with more Ukranian attacks on Russian energy facilities and escalating conflict in the Middle East.Brent futures for June de...
6 months ago
NFP Shakes Up Markets, EUR/USD Takes a Tumble
Today, the spotlight shines on the EUR/USD pair as it takes a plunge, breaching the 1.0800 mark on Friday. The downturn has been triggered by the release of US Nonfarm Payrolls data, which exceeded expectations by a wide margin: The data unleashed a...
6 months ago
Brent Oil and Platinum: Short-Term Price Drop Ahead
Currently, the price of Brent oil remains below the resistance level of 91.00. At that point, it formed the shooting star at the end of the trading week. It looks like the price of this asset might undergo a correction and drop at the beginning of the nex...
6 months ago
Bitcoin Forecast: Potential Price Drop Ahead
Currently, the price of Bitcoin is undergoing a correction and testing the psychological level of 60000. Should the price of this asset break the level through, it might either test the supporting level of 49000 or target the level of 40000. Also, the pot...
5 months ago
Dollar Steady Amidst Geopolitical Calm, Eyes on US Data and Central Banks
In the wake of a relatively tranquil weekend marked by the absence of further escalations between Iran and Israel, the US Dollar has maintained its steady stance on Monday. Investors are breathing a collective sigh of relief as the absence of fresh geopol...
5 months ago
Natural Gas Forecast: Potential Price Rise Ahead
The price of natural gas has formed an engulfing at the end of the last trading week. This engulfing is touching a very strong psychological support level of 2.00. The combination of the candlesticks and technical trendlines on the chart below signifies p...
2 months ago
Brent Oil Forecast: Potential Price Rise Ahead
The price of Brent oil is currently approaching a strong supporting zone formed between levels 71.50 and 72.50. It is also important to note that oil has already gained the required support in this zone, reversed, went north, and jumped many times before....
1 month ago
Oil soars on Libyan supply halt
Brent, crude up over 3% respectively Libya's rival government announces halt to its oil output and exports Libya produces about 1.15 million bpd, 2-3% of OPEC+ output Oil prices could climb to 50-day SMA on Libyan supply halt, weaker US d...
1 month ago
Brent: Bulls fight back ahead of US CPI data
Brent ↓ 8% month-to-date US CPI & EIA report could spark volatility Over past year US CPI triggered of ↑ 0.7% & ↓ 1.1% Prices heavily bearish but RSI oversold Key technical level - $70 In case you missed it, oil tumbled over 4% yesterday after...
1 month ago
Brent Oil Forecast: Potential Price Rise Ahead
Last week the price of Brent oil formed the bearish trap and broke the supporting zone formed between levels 71.50 and 72.50. However, the price of this asset rebounded to the broken supporting zone at the end of the trading week. Hence, the price of Bren...
1 month ago
Brent Oil Forecast: Potential Price Rise Ahead
The price of Brent oil has tested the supporting zone located between levels 71.50 and 72.50, leaving the bearish trap behind. Now, the price of this asset might potentially rise and target the downtrend at the level of 82.00 soon. So, let’s observe what...
3 weeks ago
Markets rally on China stimulus cheer
FXTM Asian stock indices rally CN50 ↑ 6% on “risk-on” mood Oil benchmarks soar ↑ +2% AUDUSD hits fresh 2024 highs Bloomberg FX model – 74% - (0.6757 – 0.6933) China has hijacked the headlines after its central bank unleashed a wave of stimulus measures...
3 weeks ago