WTI Price Analysis: Awaits acceptance above 21-DMA on the road to recovery Oil WTI Commodities Technical Analysis DollarIndex
Weaker US dollar, lower inventories offer support to the US oil.WTI is looking to extend the rebound above the $103 mark, having found strong bids below the $102 region.comes after the black gold tumbled roughly 5% on global growth concerns, which stoked fears over the demand for oil and its product. The International Monetary Fund cut the 2022 global growth forecast by nearly 1 percentage point on Tuesday.
Further, oil price also finds support from the gradual reopening of Shanghai city from the covid lockdown. Meanwhile, a broad-based retreat in the US dollar also remains one of the key reasons behind the rebound in the USD-sensitive oil.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
WTI pushes on towards $110, eyes recent highs near $116 amid heightened geopolitical/OPEC supply concernsOil prices put in a strong rally on Monday as concerns regarding an escalation of fighting in the Russo-Ukraine war and Libyan supply spurred bullish
Leer más »
Bitcoin hodlers targeting $100K is what’s preventing 40% price drawdown, data suggestsThe hodlers are in control. Analysts aren’t expecting a dramatic Bitcoin sell-off due to the growth of long term holders in the market, at least until $100K. (Reporting via WilliamSuberg)
Leer más »
Gold Price Forecast: XAUUSD tests 21-DMA support amid surging yields, Fed’s Beige Book eyedGold Price Forecast: XAUUSD tests 21-DMA support amid surging yields, Fed’s Beige Book eyed Gold XAUUSD Commodities Technical Analysis YieldCurve
Leer más »
Silver Price Analysis: XAG/USD bulls have the upper hand, move beyond $26.00 mark awaitedSilver Price Analysis: XAG/USD bulls have the upper hand, move beyond $26.00 mark awaited By HareshMenghani Silver Commodities Technical Analysis XAGUSD
Leer más »
EUR/USD Price Analysis: H1 M-formation luring in the bullsEUR/USD has been pressured by a strong US dollar at the start of this week and the price is making fresh lows in the bear cycle. The following illustr
Leer más »
AUD/USD bears push the pair below 0.7400 and target the 50-DMA around 0.7330sAUD/USD bears push the pair below 0.7400 and target the 50-DMA around 0.7330s By christianborjon AUDUSD Majors Macroeconomics Technical Analysis Sentiment
Leer más »