Western Texas Intermediate (WTI) menguat dari penurunan kemarin dan saat ini diperdagangkan di sekitar level 78,15 pada hari Kamis (29/02/2024). XTIUSD mencoba pulih dan..Sementara OPEC+ yang mempertimbangkan
The Oil Market in the Month of June
Diperbarui • 2023-06-01
Thanks to the incredible advancements in horizontal drilling and fracking technology, the United States has experienced a mind-blowing shale revolution. They've become the heavyweight champion of crude oil production, leaving Saudi Arabia and Russia in the dust. They even turned the tables and became net exporters of refined petroleum products in 2011. Talk about a plot twist! This seismic shift has made the U.S. about 90% self-sufficient in energy consumption, according to the Energy Information Administration. As U.S. oil exports soar, oil imports take a nosedive, which not only helps decrease the trade deficit but also throws the historically strong relationship between oil prices and the U.S. dollar off balance. Buckle up, folks! The oil market is full of surprises. Happy trading!
US Dollar - Daily Timeframe
The US Dollar on the daily timeframe has finally given the first signs of a rejection from the supply zone as highlighted above. The additional confluence from the resistance trendline and the descending array of the moving averages seems to lend even more credence to the possibility of a bearish price action on the US Dollar chart.
Analyst’s Expectations:
Direction: Bearish
Target: 102.75
Invalidation: 104.71
XTIUSD - Daily Timeframe
As I earlier explained in the first paragraph, the relationship between the value of the Dollar and the price of Oil has seen some drastic changes in recent times. This indicates the possibility of a positive correlation between both commodities. Based on the price action of US Crude trading within the descending channel, and the bearish array of the moving averages, I believe we should get to see XTIUSD drop even further.
Analyst’s Expectations:
Direction: Bearish
Target: 63.28
Invalidation: 74.49
XBRUSD - Daily Timeframe
Brent may yet continue on its bearish rally due to the confluence of the descending channel and the bearish moving average array. The latest rejection on XBRUSD also seems to have happened from the 50-Day average. I, therefore, expect to see a continued bearish price action until the trendline support is reached.
Analyst’s Expectations:
Direction: Bearish
Target: 66.73
Invalidation: 78.43
CONCLUSION
The trading of CFDs comes at a risk. Thus, to succeed, you have to manage risks properly. To avoid costly mistakes while you look to trade these opportunities, be sure to do your due diligence and manage your risk appropriately.
You can access more of such trade ideas and prompt market updates on the telegram channel.
Menyerupai
Harga minyak mentah acuan AS West Texas Intermediate (WTI) masih dalam jalur melanjutkan kenaikan untuk hari ke tujuh secara beruntun, pada Rabu (14/02/2024). Menurut laporan pasar minyak bulanan OPEC, ada kekhawatiran mengenai kepatuhan kelompok ini terhadap pemangkasan produksi
Pasar saham Asia melemah pada perdagangan Selasa (30/01/2024), terseret oleh kasus likuidasi perusahaan raksasa properti China..Kegelisahan investor terhadap meningkatnya ketegangan di Timur Tengah telah mengendalikan sentimen risiko.
Berita terbaru
Yen Jepang gagal memikat para investor pada perdagangan Selasa (02/04/2024) meski ada peluang atas kemungkinan intervensi dan..Sentimen penghindaran risiko masih berpotensi memberikan kekuatan pada safe-haven
XAUUSD naik ke rekor tertinggi baru pada perdagangan Senin (01/04/2024), di tengah meningkatnya spekulasi penurunan suku bunga..melanjutkan kenaikan kuat minggu lalu hingga membentuk level puncak baru sepanjang masa
Pasar saham Asia sebagian masih libur dan sebagian lagi menguat pada perdagangan Senin (01/04/2024), karena optimisme data pabrikan Tiongkok mendukung..potensi intervensi otoritas Jepang terhadap yen Jepang diperkirakan berada di zona 152 – 155 yen.