Fundamentals:
Growing US- Iran tensions may support crude oil prices. In reality, Iran cannot block the Strait of Hormuz but this rhetoric still affects the market through speculative spikes and drops.
On the other side, the API report shows the decline on the inventories.
The market has also been supported by a report from the International Monetary Fund about skyrocketing inflation in Venezuela, limiting its ability to boost oil output – Reuters –
Technically.
Break the conslidation zone. Above EMA 50
Growing US- Iran tensions may support crude oil prices. In reality, Iran cannot block the Strait of Hormuz but this rhetoric still affects the market through speculative spikes and drops.
On the other side, the API report shows the decline on the inventories.
The market has also been supported by a report from the International Monetary Fund about skyrocketing inflation in Venezuela, limiting its ability to boost oil output – Reuters –
Technically.
Break the conslidation zone. Above EMA 50
評論:
Moved above ema 100..70.20 is the target of today
For alerts,charts,special reports,news and singals over 15.000 + instruments contact us via pm or our free Discord: discord.gg/Ku9kzfq
Link to services and products: linktr.ee/chartreaderpro
Link to services and products: linktr.ee/chartreaderpro
