TAG: Crude

Crude: Symmetrical triangle nears apex

Crude coils within triangle pattern Prices below 50-day EMA Incoming EIA could trigger volatility...

7 months ago

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

Crude Prices Stalled at Key Resistance

Fresh ShippingCrude prices are sitting just below Friday’s highs as we start the new week. Indeed, we’re seeing some light selling across the European morning on Monday, despite news of fresh attacks on shipping routes in the Middle East. The UKMTO noted...

7 months ago

Week Ahead: Oil primed for more upside?

Crude ↑ over 15% in Q1 Oil could kick off Q2 with bang OPEC+ JMMC meeting, EIA data & NFP in focus Prices bullish on D1 & W1 timeframe Key level of interest at $83 Despite the holiday shortened week ahead for UK and European markets, the seco...

6 months ago

Target Thursdays: EURGBP, GBPUSD & Crude hit targets!

Check out these potential profits that you may have missed from our Daily Market Analysis. EURGBP bears bag 20 pips GBPUSD reaches all profit targets Crude bulls pockets 63 points 1) EURGBP extends downside pressure Where and when was Target...

6 months ago

What's Driving The Push Higher in Crude?

Crude at HighsOil prices are back in the spotlight this week with crude futures having broken out to fresh YTD highs yesterday. Heightened geo-political risks linked to escalating conflict in the Middle East, OPEC supply cuts and better data out of China...

6 months ago

Govt cuts windfall tax on crude oil by 36%, to ₹4,100 per tonne

The Central Board of Indirect Taxes and Customs (CBIC) on Tuesday cut the windfall tax on crude oil production by about 36% to ₹4,100 a tonne amid softening global oil prices. Since 19 April, when the price was last revised, the windfall tax levied as...

6 months ago

Middle East Fears Keep Oil At Highs - NFP Next

Crude In DemandCrude prices on track to end the week at their highest level since mid-2023. Fears of escalating violence in the Middle East, an improving China demand outlook and Fed easing expectations are helping keep oil prices well supported here. On...

6 months ago

Crude Rallies As Gaza Ceasefire Talks Fail

Fresh Middle East TensionsOil prices remain buoyant today as tensions in the Middle East remain elevated after Hamas has reportedly rejected Israel’s latest ceasefire proposal. The group said the proposal did not meet its demands. Additionally, fears of a...

6 months ago

Crude At Key Level Ahead of EIA Data

Crude Caught in BetweenOil prices continue to battle it out around the 82.59 level. Following a correction lower over the last two weeks, price has been attempting to get back above the level in recent sessions. Volatility around developments in the Middl...

5 months ago

Crude Under Pressure - What to Watch

Fading Middle East Tensions Weigh on CrudeOil prices are turning lower as we cross through the middle of the week. Crude futures has slipped back to their lowest level since early March as a combination of fading Middle East tensions and a stronger Dollar...

5 months ago

Crude Sinking on Fading Middle East Fears

Middle East ImpactOil prices remain under pressure on Friday and are on course for their largest weekly decline in 3 months. Hopes of a ceasefire between Israel and Hamas are driving the selling in oil prices, with crude futures now down around 10% from t...

5 months ago

Crude Sell-Off Pauses For Now

Crude Stalls At SupportThe sell-off in crude prices has stalled over recent days as traders await fresh directional cues. Weak global manufacturing readings set the tone at the start of the week with crude prices softening in response to fresh industrial...

2 months ago

Crude Testing Key Support As Sell-Off Deepens

Oil Slide DeepensOil prices have remained under pressure this week with rude futures now down almost 10% from the July highs. The sell-off comes amidst a fresh uptick in USD this week on the back of President Biden stepping down from the US Presidential r...

2 months ago